New Car Dealers Market: ZIP 62974
Opportunity Score
44
/ 100
Fair
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 62974 is an suburban area. with a population of 1,648 and household incomes near the national median ($73,571).
Area Profile
1,648
Population
$73,571
Median Income
-1% vs. national
Suburban
Area Type
Median Age: 41.9 —
older demographic, may prefer sit-down options.
College-Educated: 16.5% —
value-focused market, keep prices competitive.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,120
2BR Fair Market Rent
$933
Median Gross Rent
$160 K
Median Home Value
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
vs. National Average
Median Income
-1% vs. $74,580
Nearby Markets
62959
9.4 mi
Pop: 27,779
$69,914
Walk: 6.3
62890
9.6 mi
Pop: 2,379
$49,750
62951
9.6 mi
Pop: 5,381
$49,694
Walk: 5.9
62922
11.0 mi
Pop: 2,697
$70,547
62896
11.2 mi
Pop: 10,691
$55,528
Walk: 6.8
62917
11.6 mi
Pop: 2,474
$50,523
62935
11.8 mi
Pop: 2,246
$60,962
Walk: 2.1
62856
12.3 mi
Pop: 327
$59,500
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