EVGasCompare
Showing results for ZIP 38320 (TN)
Home ZIP 48504

New Car Dealers Market: ZIP 48504

Opportunity Score
53 / 100 Fair
Based on walkability, population density, income levels, and local business competition.

Market Summary

ZIP 48504 is an urban area with moderate foot traffic. with a population of 23,873 and household incomes below the national median ($36,740).

Area Profile

23,873
Population
$36,740
Median Income
-51% vs. national
Urban
Area Type
10.4/20
Foot Traffic
Walkable
Median Age: 33.4 — mixed-age market, broad menu appeal.
College-Educated: 7.7% — value-focused market, keep prices competitive.

Competition

New Car Dealers and related businesses in ZIP 48504.

11
Gas Stations
4.6 per 10K residents

Operating Costs

Local cost levels affect space, labor, and operating expenses.

$980
2BR Fair Market Rent
$895
Median Gross Rent
$49 K
Median Home Value
2
Bank Branches
$65 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.
  • Median income sits at $36,740. Price sensitivity is real. Build your model around volume or keep overhead minimal.

Data sources

U.S. Census Bureau (ACS, ZBP) · HUD Fair Market Rents · EPA Walkability Index · USDA RUCA · IRS SOI · FDIC Summary of Deposits