New Car Dealers Market: ZIP 48637
Opportunity Score
47
/ 100
Fair
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 48637 is an urban area with low foot traffic. with a population of 3,068 and household incomes near the national median ($63,900).
Area Profile
3,068
Population
$63,900
Median Income
-14% vs. national
Urban
Area Type
5.7/20
Foot Traffic
Very Car-Dependent
Median Age: 45.8 —
older demographic, may prefer sit-down options.
College-Educated: 11.7% —
value-focused market, keep prices competitive.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$970
2BR Fair Market Rent
$736
Median Gross Rent
$140 K
Median Home Value
1
Bank Branches
$40 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.
Quick Facts
- Area Type
- Urban
- Foot Traffic
- Very Car-Dependent
- Bank Branches
- 1
vs. National Average
Median Income
-14% vs. $74,580
Walkability
-4.8 pts vs. national avg
Nearby Markets
48662
5.7 mi
Pop: 1,278
$69,112
48626
7.9 mi
Pop: 5,813
$81,961
Walk: 5.8
48615
9.6 mi
Pop: 2,812
$72,656
48614
11.5 mi
Pop: 921
$60,568
48640
11.6 mi
Pop: 32,630
$81,630
Walk: 6.4
48655
14.7 mi
Pop: 5,655
$64,615
Walk: 4.1
48623
15.7 mi
Pop: 15,126
$96,371
Walk: 8.5
48880
17.0 mi
Pop: 9,952
$56,108
Walk: 5.6
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