New Car Dealers Market: ZIP 48362
Opportunity Score
75
/ 100
Good
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 48362 is an urban area with low foot traffic. with a population of 14,746 and household incomes well above the national median ($108,667).
Area Profile
14,746
Population
$108,667
Median Income
+46% vs. national
Urban
Area Type
7.3/20
Foot Traffic
Car-Dependent
Median Age: 44.9 —
older demographic, may prefer sit-down options.
College-Educated: 32.3% —
balanced market for quality & value.
Competition
New Car Dealers and related businesses in ZIP 48362.
4
Gas Stations
2.7 per 10K residents
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,340
2BR Fair Market Rent
$1,095
Median Gross Rent
$310 K
Median Home Value
2
Bank Branches
$270 K deposits
Tips for Starting a Ev Vs Gas Business in Michigan
- EV inventory allocation from manufacturers is tied to your state's ZEV mandate status. Dealers in ZEV states get more inventory. Period.
- Charging infrastructure in your area determines EV demand. Check PlugShare for the local charging density before stocking inventory.
- Used EV margins are volatile. Battery degradation concerns suppress resale values unpredictably. Factor in extended warranty costs.
- Service revenue per EV is 30-40% lower than gas vehicles. Fewer parts, fewer oil changes. Your service department model needs adjusting.
- The median income here is $108,667. That gives you pricing room most markets don't offer. Don't underprice.
Quick Facts
- Area Type
- Urban
- Foot Traffic
- Car-Dependent
- Related Businesses
- 4
- Bank Branches
- 2
vs. National Average
Median Income
+46% vs. $74,580
Walkability
-3.2 pts vs. national avg
Nearby Markets
48360
2.5 mi
Pop: 12,250
$135,701
Walk: 6.5
48359
4.3 mi
Pop: 10,424
$94,618
Walk: 7.7
48371
4.5 mi
Pop: 26,120
$108,983
Walk: 6.3
48326
6.7 mi
Pop: 24,488
$79,468
Walk: 7.4
48370
6.7 mi
Pop: 1,845
$121,417
Walk: 4.8
48363
7.4 mi
Pop: 7,434
$173,056
Walk: 6.1
48340
7.7 mi
Pop: 25,696
$46,474
Walk: 7.2
48306
9.3 mi
Pop: 27,831
$165,545
Walk: 5.9
Check Another Market
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About This Data
Data sources
U.S. Census Bureau (ACS, ZBP) · HUD Fair Market Rents · EPA Walkability Index · USDA RUCA · IRS SOI · FDIC Summary of Deposits