New Car Dealers Market: ZIP 98505
Opportunity Score
16
/ 100
Challenging
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 98505 is an urban area.
Area Profile
636
Population
Urban
Area Type
Median Age: 19.8 —
young market, strong street food demand.
College-Educated: 0.8% —
value-focused market, keep prices competitive.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,790
2BR Fair Market Rent
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
Nearby Markets
98502
3.6 mi
Pop: 35,043
$87,154
Walk: 13.5
98506
7.5 mi
Pop: 18,763
$93,968
Walk: 12.5
98501
9.4 mi
Pop: 46,937
$95,695
Walk: 10.6
98512
9.7 mi
Pop: 31,291
$93,738
Walk: 8.0
98503
12.9 mi
Pop: 42,189
$87,515
Walk: 12.2
98516
13.1 mi
Pop: 28,286
$92,191
Walk: 11.3
98351
16.3 mi
Pop: 1,832
$145,613
98584
16.8 mi
Pop: 40,036
$73,149
Walk: 8.1
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