New Car Dealers Market: ZIP 55411
Opportunity Score
64
/ 100
Good
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 55411 is an urban area with moderate foot traffic. with a population of 29,719 and household incomes near the national median ($53,368).
Area Profile
29,719
Population
$53,368
Median Income
-28% vs. national
Urban
Area Type
14.0/20
Foot Traffic
Walkable
Median Age: 30.1 —
mixed-age market, broad menu appeal.
College-Educated: 13.3% —
value-focused market, keep prices competitive.
Competition
New Car Dealers and related businesses in ZIP 55411.
6
Gas Stations
2.0 per 10K residents
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,460
2BR Fair Market Rent
$1,220
Median Gross Rent
$230 K
Median Home Value
3
Bank Branches
$180 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
- Related Businesses
- 6
- Bank Branches
- 3
vs. National Average
Median Income
-28% vs. $74,580
Walkability
+3.5 pts vs. national avg
Nearby Markets
55412
1.9 mi
Pop: 26,182
$71,905
Walk: 13.2
55405
1.9 mi
Pop: 16,915
$70,425
Walk: 14.0
55401
2.2 mi
Pop: 11,526
$115,651
55403
2.3 mi
Pop: 17,354
$59,928
Walk: 16.4
55402
2.5 mi
Pop: 760
$69,808
55422
3.0 mi
Pop: 28,765
$91,173
Walk: 12.8
55415
3.3 mi
Pop: 6,474
$126,480
Walk: 15.7
55404
3.6 mi
Pop: 28,071
$43,932
Walk: 15.7
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