New Car Dealers Market: ZIP 55075
Opportunity Score
60
/ 100
Good
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 55075 is an urban area with moderate foot traffic. with a population of 20,651 and household incomes above the national median ($84,573). There are 3 new car dealers operations in ZIP 55075.
Area Profile
20,651
Population
$84,573
Median Income
+13% vs. national
Urban
Area Type
13.4/20
Foot Traffic
Walkable
Median Age: 37.3 —
mixed-age market, broad menu appeal.
College-Educated: 21.0% —
value-focused market, keep prices competitive.
Competition
New Car Dealers and related businesses in ZIP 55075.
3
New Car Dealers
Low competition — room to establish
1.5 per 10K residents
6
Gas Stations
2.9 per 10K residents
3
Used Car Dealers
1.5 per 10K residents
What this means:
New Car Dealers are 25.0% of the relevant market in ZIP 55075 (3 vs. 9 related businesses).
Well-established market — differentiation is non-negotiable.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,460
2BR Fair Market Rent
$1,128
Median Gross Rent
$270 K
Median Home Value
2
Bank Branches
$890 K deposits
Tips for Starting a Ev Vs Gas Business in Minnesota
- 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
- Walkable
- New Car Dealers
- 3
- Related Businesses
- 9
- Bank Branches
- 2
vs. National Average
Median Income
+13% vs. $74,580
Walkability
+2.9 pts vs. national avg
Nearby Markets
55055
3.1 mi
Pop: 4,460
$63,365
Walk: 7.9
55076
3.8 mi
Pop: 21,258
$98,026
Walk: 13.0
55107
3.9 mi
Pop: 15,533
$78,125
Walk: 15.7
55118
4.1 mi
Pop: 29,396
$85,229
Walk: 12.6
55119
4.3 mi
Pop: 44,068
$77,870
Walk: 11.7
55106
4.8 mi
Pop: 56,969
$68,601
Walk: 13.7
55101
5.4 mi
Pop: 7,937
$72,703
55077
5.4 mi
Pop: 14,585
$108,314
Walk: 9.2
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