New Car Dealers Market: ZIP 55428
Opportunity Score
71
/ 100
Good
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 55428 is an urban area with moderate foot traffic. with a population of 32,679 and household incomes near the national median ($69,004).
Area Profile
32,679
Population
$69,004
Median Income
-7% vs. national
Urban
Area Type
13.7/20
Foot Traffic
Walkable
Median Age: 37.5 —
mixed-age market, broad menu appeal.
College-Educated: 19.7% —
value-focused market, keep prices competitive.
Competition
New Car Dealers and related businesses in ZIP 55428.
6
Gas Stations
1.8 per 10K residents
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,520
2BR Fair Market Rent
$1,291
Median Gross Rent
$280 K
Median Home Value
4
Bank Branches
$500 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
- 4
vs. National Average
Median Income
-7% vs. $74,580
Walkability
+3.2 pts vs. national avg
Nearby Markets
55429
2.9 mi
Pop: 27,570
$66,661
Walk: 12.6
55442
3.4 mi
Pop: 13,197
$121,714
Walk: 10.8
55445
4.0 mi
Pop: 13,538
$103,227
Walk: 12.3
55427
4.1 mi
Pop: 24,667
$92,013
Walk: 13.2
55422
4.8 mi
Pop: 28,765
$91,173
Walk: 12.8
55443
4.9 mi
Pop: 33,318
$88,220
Walk: 9.4
55441
5.0 mi
Pop: 18,242
$100,288
Walk: 9.6
55430
5.8 mi
Pop: 22,569
$77,385
Walk: 14.3
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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