New Car Dealers Market: ZIP 55303
Opportunity Score
76
/ 100
Good
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 55303 is an urban area with low foot traffic. with a population of 52,121 and household incomes well above the national median ($101,351).
Area Profile
52,121
Population
$101,351
Median Income
+36% vs. national
Urban
Area Type
9.7/20
Foot Traffic
Very Car-Dependent
Median Age: 39.2 —
mixed-age market, broad menu appeal.
College-Educated: 21.6% —
value-focused market, keep prices competitive.
Competition
New Car Dealers and related businesses in ZIP 55303.
15
Gas Stations
2.9 per 10K residents
17
Used Car Dealers
3.3 per 10K residents
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,620
2BR Fair Market Rent
$1,348
Median Gross Rent
$340 K
Median Home Value
8
Bank Branches
$930 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.
- The median income here is $101,351. That gives you pricing room most markets don't offer. Don't underprice.
Quick Facts
- Area Type
- Urban
- Foot Traffic
- Very Car-Dependent
- Related Businesses
- 32
- Bank Branches
- 8
vs. National Average
Median Income
+36% vs. $74,580
Walkability
-0.8 pts vs. national avg
Nearby Markets
55327
6.3 mi
Pop: 5,542
$133,721
55316
8.5 mi
Pop: 23,450
$115,719
Walk: 11.4
55330
9.8 mi
Pop: 45,080
$111,481
Walk: 6.2
55369
11.2 mi
Pop: 38,711
$112,541
Walk: 7.8
55448
11.2 mi
Pop: 28,925
$95,610
Walk: 8.7
55433
12.0 mi
Pop: 34,423
$80,213
Walk: 11.6
55070
12.0 mi
Pop: 8,403
$101,925
Walk: 7.3
55445
12.0 mi
Pop: 13,538
$103,227
Walk: 12.3
Check Another Market
Or estimate costs with the EVGasCompare calculator.
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