New Car Dealers Market: ZIP 55964
Opportunity Score
71
/ 100
Good
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 55964 is an urban area with moderate foot traffic. with a population of 4,453 and household incomes near the national median ($72,765).
Area Profile
4,453
Population
$72,765
Median Income
-2% vs. national
Urban
Area Type
13.0/20
Foot Traffic
Walkable
Median Age: 35.6 —
mixed-age market, broad menu appeal.
College-Educated: 17.2% —
value-focused market, keep prices competitive.
Competition
New Car Dealers and related businesses in ZIP 55964.
3
Gas Stations
6.7 per 10K residents
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,040
2BR Fair Market Rent
$777
Median Gross Rent
$240 K
Median Home Value
2
Bank Branches
$380 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
- 3
- Bank Branches
- 2
vs. National Average
Median Income
-2% vs. $74,580
Walkability
+2.5 pts vs. national avg
Nearby Markets
Check Another Market
Or estimate costs with the EVGasCompare calculator.
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