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Home ZIP 62864

New Car Dealers Market: ZIP 62864

Opportunity Score
56 / 100 Fair
Based on walkability, population density, income levels, and local business competition.

Market Summary

ZIP 62864 is an suburban area with low foot traffic. with a population of 23,061 and household incomes near the national median ($58,082).

Area Profile

23,061
Population
$58,082
Median Income
-22% vs. national
Suburban
Area Type
7.4/20
Foot Traffic
Car-Dependent
Median Age: 41.0 — older demographic, may prefer sit-down options.
College-Educated: 14.8% — value-focused market, keep prices competitive.

Competition

New Car Dealers and related businesses in ZIP 62864.

11
Gas Stations
4.8 per 10K residents
4
Used Car Dealers
1.7 per 10K residents

Operating Costs

Local cost levels affect space, labor, and operating expenses.

$1,010
2BR Fair Market Rent
$882
Median Gross Rent
$120 K
Median Home Value
13
Bank Branches
$910 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.

Quick Facts

Area Type
Suburban
Foot Traffic
Car-Dependent
Related Businesses
15
Bank Branches
13

vs. National Average

Median Income
-22% vs. $74,580
Walkability
-3.1 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