New Car Dealers Market: ZIP 55109
Opportunity Score
68
/ 100
Good
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 55109 is an urban area with moderate foot traffic. with a population of 34,266 and household incomes above the national median ($81,759). There are 11 new car dealers operations in ZIP 55109.
Area Profile
34,266
Population
$81,759
Median Income
+10% vs. national
Urban
Area Type
14.0/20
Foot Traffic
Very Car-Dependent
Median Age: 36.8 —
mixed-age market, broad menu appeal.
College-Educated: 20.9% —
value-focused market, keep prices competitive.
Competition
New Car Dealers and related businesses in ZIP 55109.
11
New Car Dealers
Moderate — proven market
3.2 per 10K residents
10
Gas Stations
2.9 per 10K residents
5
Used Car Dealers
1.5 per 10K residents
What this means:
New Car Dealers are 42.3% of the relevant market in ZIP 55109 (11 vs. 15 related businesses).
Well-established market — differentiation is non-negotiable.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,590
2BR Fair Market Rent
$1,316
Median Gross Rent
$290 K
Median Home Value
6
Bank Branches
$1.2 M 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
- Very Car-Dependent
- New Car Dealers
- 11
- Related Businesses
- 15
- Bank Branches
- 6
vs. National Average
Median Income
+10% vs. $74,580
Walkability
+3.5 pts vs. national avg
Nearby Markets
55106
4.3 mi
Pop: 56,969
$68,601
Walk: 13.7
55117
4.5 mi
Pop: 44,095
$71,784
Walk: 13.7
55128
4.8 mi
Pop: 28,945
$89,642
Walk: 10.2
55130
4.9 mi
Pop: 18,634
$53,281
Walk: 14.3
55110
5.3 mi
Pop: 37,272
$97,211
Walk: 9.0
55090
5.4 mi
Pop: 377
$80,179
55119
5.5 mi
Pop: 44,068
$77,870
Walk: 11.7
55127
5.7 mi
Pop: 18,607
$113,355
Walk: 8.9
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