New Car Dealers Market: ZIP 56367
Opportunity Score
90
/ 100
Excellent
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 56367 is an urban area. with a population of 7,226 and household incomes well above the national median ($102,429).
Area Profile
7,226
Population
$102,429
Median Income
+37% vs. national
Urban
Area Type
Median Age: 40.3 —
older demographic, may prefer sit-down options.
College-Educated: 18.2% —
value-focused market, keep prices competitive.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,100
2BR Fair Market Rent
$1,222
Median Gross Rent
$270 K
Median Home Value
2
Bank Branches
$96 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 $102,429. That gives you pricing room most markets don't offer. Don't underprice.
Quick Facts
- Area Type
- Urban
- Bank Branches
- 2
vs. National Average
Median Income
+37% vs. $74,580
Nearby Markets
56373
7.4 mi
Pop: 3,248
$91,544
Walk: 4.9
56375
7.7 mi
Pop: 672
$94,875
56377
9.1 mi
Pop: 21,008
$82,583
Walk: 5.2
56379
11.0 mi
Pop: 17,300
$71,964
Walk: 5.4
56303
13.3 mi
Pop: 26,031
$66,789
Walk: 10.1
56374
16.5 mi
Pop: 10,020
$78,415
Walk: 5.4
56340
17.0 mi
Pop: 2,433
$89,211
Walk: 4.1
56314
17.7 mi
Pop: 1,355
$87,500
Check Another Market
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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