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Home ZIP 55964

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

Check Another Market

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Data sources

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