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New Car Dealers Market: ZIP 97116

Opportunity Score

76 / 100 Good

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

Market Summary

ZIP 97116 is an urban area with moderate foot traffic. with a population of 29,598 and household incomes above the national median ($87,308).

29,598

Population

$87,308

Median Income

+17% vs. national

Urban

Area Type

13.1/20

Foot Traffic

Walkable

Median Age: 35.6 — mixed-age market, broad menu appeal.

College-Educated: 20.5% — value-focused market, keep prices competitive.

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

$1,830

2BR Fair Market Rent

$1,397

Median Gross Rent

$480 K

Median Home Value

Bank Branches

$220 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.