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Home ZIP 55920

New Car Dealers Market: ZIP 55920

Opportunity Score
84 / 100 Excellent
Based on walkability, population density, income levels, and local business competition.

Market Summary

ZIP 55920 is an urban area with moderate foot traffic. with a population of 8,747 and household incomes well above the national median ($126,102).

Area Profile

8,747
Population
$126,102
Median Income
+69% vs. national
Urban
Area Type
10.7/20
Foot Traffic
Walkable
Median Age: 39.4 — mixed-age market, broad menu appeal.
College-Educated: 30.7% — balanced market for quality & value.

Operating Costs

Local cost levels affect space, labor, and operating expenses.

$1,230
2BR Fair Market Rent
$1,085
Median Gross Rent
$360 K
Median Home Value
1
Bank Branches
$88 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 $126,102. That gives you pricing room most markets don't offer. Don't underprice.

Quick Facts

Area Type
Urban
Foot Traffic
Walkable
Bank Branches
1

vs. National Average

Median Income
+69% vs. $74,580
Walkability
+0.2 pts vs. national avg

Check Another Market

Or estimate costs with the EVGasCompare calculator.

Data sources

U.S. Census Bureau (ACS, ZBP) · HUD Fair Market Rents · EPA Walkability Index · USDA RUCA · IRS SOI · FDIC Summary of Deposits