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Veterinary Practices Market: ZIP 02116

Opportunity Score

92 / 100 Excellent

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

Market Summary

ZIP 02116 is an urban area with high foot traffic. with a population of 22,040 and household incomes well above the national median ($127,309).

22,040

Population

$127,309

Median Income

+71% vs. national

Urban

Area Type

15.5/20

Foot Traffic

Very Walkable

Median Age: 34.6 — mixed-age market, broad menu appeal.

College-Educated: 55.3% — strong appetite for artisan/specialty food.

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

$3,970

2BR Fair Market Rent

$2,341

Median Gross Rent

$1.6 M

Median Home Value

Bank Branches

$4 M deposits

A veterinary practice costs $500K-$1.5M to start from scratch. Most new vets buy into existing practices or start mobile to reduce overhead.
DEA registration, state veterinary license, and controlled substance permits all take time. Start applications 6 months before your target opening.
Pet ownership rates vary by ZIP. Suburban areas with single-family homes consistently outperform dense urban cores for vet visit volume.
Emergency and after-hours services command 2-3x standard pricing. Even offering limited emergency hours gives you a revenue edge in most markets.
The median income here is $127,309. That gives you pricing room most markets don't offer. Don't underprice.