New Car Dealers Market: ZIP 98408
Opportunity Score
75
/ 100
Good
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 98408 is an urban area with moderate foot traffic. with a population of 20,469 and household incomes above the national median ($78,855).
Area Profile
20,469
Population
$78,855
Median Income
+6% vs. national
Urban
Area Type
13.9/20
Foot Traffic
Walkable
Median Age: 38.9 —
mixed-age market, broad menu appeal.
College-Educated: 18.4% —
value-focused market, keep prices competitive.
Competition
New Car Dealers and related businesses in ZIP 98408.
5
Gas Stations
2.4 per 10K residents
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,890
2BR Fair Market Rent
$1,610
Median Gross Rent
$380 K
Median Home Value
4
Bank Branches
$400 K deposits
Tips for Starting a Ev Vs Gas Business in Washington
- 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
- 5
- Bank Branches
- 4
vs. National Average
Median Income
+6% vs. $74,580
Walkability
+3.4 pts vs. national avg
Nearby Markets
98418
1.8 mi
Pop: 10,475
$79,413
Walk: 14.4
98409
2.2 mi
Pop: 27,298
$71,649
Walk: 14.6
98404
2.5 mi
Pop: 35,829
$79,562
Walk: 13.6
98444
3.1 mi
Pop: 35,660
$64,464
Walk: 13.2
98447
3.6 mi
Pop: 964
Walk: 13.7
98405
3.8 mi
Pop: 25,306
$80,024
Walk: 15.4
98402
3.9 mi
Pop: 7,500
$54,712
Walk: 18.2
98499
4.6 mi
Pop: 33,694
$65,000
Walk: 13.3
Check Another Market
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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