New Car Dealers Market: ZIP 98501
Opportunity Score
75
/ 100
Good
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 98501 is an urban area with moderate foot traffic. with a population of 46,937 and household incomes above the national median ($95,695).
Area Profile
46,937
Population
$95,695
Median Income
+28% vs. national
Urban
Area Type
10.6/20
Foot Traffic
Walkable
Median Age: 39.5 —
mixed-age market, broad menu appeal.
College-Educated: 33.7% —
balanced market for quality & value.
Competition
New Car Dealers and related businesses in ZIP 98501.
9
Gas Stations
1.9 per 10K residents
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,770
2BR Fair Market Rent
$1,600
Median Gross Rent
$490 K
Median Home Value
11
Bank Branches
$1.5 M 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
- 9
- Bank Branches
- 11
vs. National Average
Median Income
+28% vs. $74,580
Walkability
+0.1 pts vs. national avg
Nearby Markets
98503
6.5 mi
Pop: 42,189
$87,515
Walk: 12.2
98506
9.0 mi
Pop: 18,763
$93,968
Walk: 12.5
98505
9.4 mi
Pop: 636
98513
9.9 mi
Pop: 37,953
$108,270
Walk: 10.7
98516
10.4 mi
Pop: 28,286
$92,191
Walk: 11.3
98589
11.5 mi
Pop: 7,296
$89,119
Walk: 4.3
98530
11.6 mi
Pop: 511
$63,750
98512
12.0 mi
Pop: 31,291
$93,738
Walk: 8.0
Check Another Market
Or estimate costs with the EVGasCompare calculator.
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