New Car Dealers Market: ZIP 55417
Opportunity Score
91
/ 100
Excellent
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 55417 is an urban area with moderate foot traffic. with a population of 25,677 and household incomes well above the national median ($122,639).
Area Profile
25,677
Population
$122,639
Median Income
+64% vs. national
Urban
Area Type
14.1/20
Foot Traffic
Very Car-Dependent
Median Age: 40.7 —
older demographic, may prefer sit-down options.
College-Educated: 45.4% —
strong appetite for artisan/specialty food.
Competition
New Car Dealers and related businesses in ZIP 55417.
3
Gas Stations
1.2 per 10K residents
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,630
2BR Fair Market Rent
$1,377
Median Gross Rent
$370 K
Median Home Value
1
Bank Branches
$130 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 $122,639. 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
- 3
- Bank Branches
- 1
vs. National Average
Median Income
+64% vs. $74,580
Walkability
+3.6 pts vs. national avg
Nearby Markets
55407
2.3 mi
Pop: 36,992
$78,206
Walk: 14.5
55450
2.4 mi
Pop: 0
Walk: 11.9
55406
2.5 mi
Pop: 35,863
$91,865
Walk: 15.4
55111
3.3 mi
Pop: 100
55409
3.6 mi
Pop: 11,405
$98,056
Walk: 14.6
55419
3.6 mi
Pop: 29,728
$143,254
Walk: 14.4
55423
3.7 mi
Pop: 36,779
$84,102
Walk: 14.4
55425
3.8 mi
Pop: 10,562
$68,517
Walk: 12.0
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