New Car Dealers Market: ZIP 55305
Opportunity Score
64
/ 100
Good
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 55305 is an urban area with moderate foot traffic. with a population of 21,274 and household incomes well above the national median ($106,480). There are 5 new car dealers operations in ZIP 55305.
Area Profile
21,274
Population
$106,480
Median Income
+43% vs. national
Urban
Area Type
10.7/20
Foot Traffic
Walkable
Median Age: 39.8 —
mixed-age market, broad menu appeal.
College-Educated: 46.3% —
strong appetite for artisan/specialty food.
Competition
New Car Dealers and related businesses in ZIP 55305.
5
New Car Dealers
Low competition — room to establish
2.4 per 10K residents
3
Gas Stations
1.4 per 10K residents
What this means:
New Car Dealers are 62.5% of the relevant market in ZIP 55305 (5 vs. 3 related businesses).
Well-established market — differentiation is non-negotiable.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$2,040
2BR Fair Market Rent
$1,774
Median Gross Rent
$440 K
Median Home Value
8
Bank Branches
$1.3 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.
- The median income here is $106,480. That gives you pricing room most markets don't offer. Don't underprice.
Quick Facts
- Area Type
- Urban
- Foot Traffic
- Walkable
- New Car Dealers
- 5
- Related Businesses
- 3
- Bank Branches
- 8
vs. National Average
Median Income
+43% vs. $74,580
Walkability
+0.2 pts vs. national avg
Nearby Markets
55343
3.0 mi
Pop: 26,482
$82,415
Walk: 12.2
55426
3.2 mi
Pop: 25,451
$96,887
Walk: 13.5
55441
3.6 mi
Pop: 18,242
$100,288
Walk: 9.6
55427
4.6 mi
Pop: 24,667
$92,013
Walk: 13.2
55345
4.8 mi
Pop: 21,255
$143,287
Walk: 10.2
55436
5.0 mi
Pop: 14,573
$132,487
Walk: 9.1
55447
5.2 mi
Pop: 21,001
$128,781
Walk: 11.1
55416
6.0 mi
Pop: 34,905
$105,926
Walk: 15.0
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