New Car Dealers Market: ZIP 56216
Opportunity Score
32
/ 100
Challenging
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 56216 is an suburban area. with a population of 611 and household incomes near the national median ($73,088).
Area Profile
611
Population
$73,088
Median Income
-2% vs. national
Suburban
Area Type
Median Age: 48.6 —
older demographic, may prefer sit-down options.
College-Educated: 11.9% —
value-focused market, keep prices competitive.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,370
2BR Fair Market Rent
$1,352
Median Gross Rent
$140 K
Median Home Value
1
Bank Branches
$30 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
- Suburban
- Bank Branches
- 1
vs. National Average
Median Income
-2% vs. $74,580
Nearby Markets
56281
7.3 mi
Pop: 742
$105,121
56230
10.6 mi
Pop: 746
$65,000
56201
11.1 mi
Pop: 24,860
$68,054
Walk: 9.3
56282
12.8 mi
Pop: 1,443
$71,103
Walk: 6.2
56277
12.9 mi
Pop: 2,962
$69,265
Walk: 6.9
56253
13.4 mi
Pop: 737
$73,984
Walk: 4.5
56284
15.7 mi
Pop: 2,099
$75,417
Walk: 4.7
56251
16.9 mi
Pop: 908
$75,938
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