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New Car Dealers Market: ZIP 70116

Opportunity Score

64 / 100 Good

Based on walkability, population density, income levels, and local business competition.

Market Summary

ZIP 70116 is an urban area with high foot traffic. with a population of 10,377 and household incomes below the national median ($45,580).

10,377

Population

$45,580

Median Income

-39% vs. national

Urban

Area Type

15.0/20

Foot Traffic

Very Walkable

Median Age: 46.3 — older demographic, may prefer sit-down options.

College-Educated: 42.5% — strong appetite for artisan/specialty food.

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

$1,660

2BR Fair Market Rent

$1,190

Median Gross Rent

$390 K

Median Home Value

Bank Branches

$14 K deposits

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.