New Car Dealers Market: ZIP 87111
Opportunity Score
76
/ 100
Good
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 87111 is an urban area with moderate foot traffic. with a population of 57,219 and household incomes above the national median ($84,511).
Area Profile
57,219
Population
$84,511
Median Income
+13% vs. national
Urban
Area Type
13.5/20
Foot Traffic
Walkable
Median Age: 43.8 —
older demographic, may prefer sit-down options.
College-Educated: 43.0% —
strong appetite for artisan/specialty food.
Competition
New Car Dealers and related businesses in ZIP 87111.
8
Gas Stations
1.4 per 10K residents
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,630
2BR Fair Market Rent
$1,310
Median Gross Rent
$350 K
Median Home Value
9
Bank Branches
$1.1 M deposits
Tips for Starting a Ev Vs Gas Business in New Mexico
- 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
- Urban
- Foot Traffic
- Walkable
- Related Businesses
- 8
- Bank Branches
- 9
vs. National Average
Median Income
+13% vs. $74,580
Walkability
+3.0 pts vs. national avg
Nearby Markets
87112
2.8 mi
Pop: 42,523
$69,610
Walk: 13.9
87122
3.6 mi
Pop: 18,776
$161,299
Walk: 8.9
87109
4.2 mi
Pop: 39,323
$56,295
Walk: 13.1
87110
4.9 mi
Pop: 40,142
$63,593
Walk: 14.2
87113
5.6 mi
Pop: 16,369
$92,083
Walk: 13.7
87123
6.2 mi
Pop: 43,515
$61,552
Walk: 11.6
87108
6.5 mi
Pop: 35,985
$39,578
Walk: 14.4
87116
7.1 mi
Pop: 3,953
$78,877
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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