New Car Dealers Market: ZIP 48843
Opportunity Score
65
/ 100
Good
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 48843 is an urban area with low foot traffic. with a population of 46,902 and household incomes above the national median ($91,620).
Area Profile
46,902
Population
$91,620
Median Income
+23% vs. national
Urban
Area Type
5.2/20
Foot Traffic
Very Car-Dependent
Median Age: 41.9 —
older demographic, may prefer sit-down options.
College-Educated: 26.1% —
balanced market for quality & value.
Competition
New Car Dealers and related businesses in ZIP 48843.
13
Gas Stations
2.8 per 10K residents
4
Used Car Dealers
0.9 per 10K residents
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,450
2BR Fair Market Rent
$1,221
Median Gross Rent
$320 K
Median Home Value
12
Bank Branches
$1.2 M 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
- Related Businesses
- 17
- Bank Branches
- 12
vs. National Average
Median Income
+23% vs. $74,580
Walkability
-5.3 pts vs. national avg
Nearby Markets
48855
7.5 mi
Pop: 16,625
$104,552
Walk: 6.5
48169
8.0 mi
Pop: 21,080
$108,886
Walk: 5.7
48143
9.5 mi
Pop: 145
48116
10.9 mi
Pop: 27,817
$109,606
Walk: 9.0
48114
11.5 mi
Pop: 21,476
$118,581
Walk: 6.0
48139
11.6 mi
Pop: 81
$65,298
48836
12.4 mi
Pop: 14,978
$86,317
Walk: 9.3
48137
12.6 mi
Pop: 4,293
$82,813
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