New Car Dealers Market: ZIP 62701
Opportunity Score
18
/ 100
Challenging
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 62701 is an urban area. with a population of 1,211 and household incomes below the national median ($32,444).
Area Profile
1,211
Population
$32,444
Median Income
-56% vs. national
Urban
Area Type
Median Age: 37.8 —
mixed-age market, broad menu appeal.
College-Educated: 29.9% —
balanced market for quality & value.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,340
2BR Fair Market Rent
$667
Median Gross Rent
4
Bank Branches
$2 M deposits
Tips for Starting a Ev Vs Gas Business in Illinois
- 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.
- Median income sits at $32,444. Price sensitivity is real. Build your model around volume or keep overhead minimal.
Quick Facts
- Area Type
- Urban
- Bank Branches
- 4
vs. National Average
Median Income
-56% vs. $74,580
Nearby Markets
62706
0.5 mi
Pop: 0
Walk: 12.0
62702
1.7 mi
Pop: 31,251
$52,748
Walk: 12.6
62703
2.9 mi
Pop: 28,820
$44,580
Walk: 13.2
62704
3.0 mi
Pop: 39,597
$66,352
Walk: 13.4
62707
3.8 mi
Pop: 8,168
$83,988
Walk: 12.4
62712
5.9 mi
Pop: 10,555
$108,730
Walk: 6.6
62711
6.3 mi
Pop: 18,351
$123,507
Walk: 9.1
62625
7.8 mi
Pop: 897
$152,583
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