New Car Dealers Market: ZIP 55409
Opportunity Score
83
/ 100
Excellent
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 55409 is an urban area with moderate foot traffic. with a population of 11,405 and household incomes above the national median ($98,056).
Area Profile
11,405
Population
$98,056
Median Income
+31% vs. national
Urban
Area Type
14.6/20
Foot Traffic
Very Car-Dependent
Median Age: 36.5 —
mixed-age market, broad menu appeal.
College-Educated: 46.5% —
strong appetite for artisan/specialty food.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,630
2BR Fair Market Rent
$1,364
Median Gross Rent
$370 K
Median Home Value
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
vs. National Average
Median Income
+31% vs. $74,580
Walkability
+4.1 pts vs. national avg
Nearby Markets
55408
1.3 mi
Pop: 32,534
$72,421
Walk: 15.6
55419
1.7 mi
Pop: 29,728
$143,254
Walk: 14.4
55407
2.0 mi
Pop: 36,992
$78,206
Walk: 14.5
55404
2.6 mi
Pop: 28,071
$43,932
Walk: 15.7
55410
2.7 mi
Pop: 20,361
$144,973
Walk: 14.4
55403
2.7 mi
Pop: 17,354
$59,928
Walk: 16.4
55402
3.2 mi
Pop: 760
$69,808
55405
3.3 mi
Pop: 16,915
$70,425
Walk: 14.0
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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