New Car Dealers Market: ZIP 62848
Opportunity Score
30
/ 100
Challenging
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 62848 is an rural area. with a population of 587 and household incomes near the national median ($70,556).
Area Profile
587
Population
$70,556
Median Income
-5% vs. national
Rural
Area Type
Median Age: 35.3 —
mixed-age market, broad menu appeal.
College-Educated: 6.5% —
value-focused market, keep prices competitive.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$970
2BR Fair Market Rent
$811
Median Gross Rent
$90 K
Median Home Value
1
Bank Branches
$44 K 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.
- This is a rural ZIP. Your customer radius is wider, marketing costs are lower, but you'll work harder for each lead.
Quick Facts
- Area Type
- Rural
- Bank Branches
- 1
vs. National Average
Median Income
-5% vs. $74,580
Nearby Markets
62877
3.7 mi
Pop: 446
$74,643
Walk: 4.7
62801
5.6 mi
Pop: 19,941
$53,740
Walk: 8.0
62803
9.0 mi
Pop: 1,138
$87,500
62808
9.0 mi
Pop: 1,819
$67,071
62898
9.3 mi
Pop: 2,018
$74,297
Walk: 4.5
62893
9.7 mi
Pop: 922
$72,115
Walk: 4.0
62250
10.0 mi
Pop: 627
$70,292
62876
11.0 mi
Pop: 135
$52,708
Walk: 3.9
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