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New Car Dealers Market: ZIP 87023

Opportunity Score

7 / 100 Challenging

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

Market Summary

ZIP 87023 is an urban area with low foot traffic. with a population of 222 and household incomes below the national median ($25,043).

222

Population

$25,043

Median Income

-66% vs. national

Urban

Area Type

3.0/20

Foot Traffic

Very Car-Dependent

Median Age: 61.1 — older demographic, may prefer sit-down options.

College-Educated: 6.8% — value-focused market, keep prices competitive.

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

$1,100

2BR Fair Market Rent

$150 K

Median Home Value

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 $25,043. Price sensitivity is real. Build your model around volume or keep overhead minimal.