VetCostCalc
Showing results for ZIP 27616 (NC)
Home ZIP 20016

Veterinary Practices Market: ZIP 20016

Opportunity Score
73 / 100 Good
Based on walkability, population density, income levels, and local business competition.

Market Summary

ZIP 20016 is an urban area with high foot traffic. with a population of 31,668 and household incomes well above the national median ($179,107). There are 3 veterinary practices operations in ZIP 20016.

Area Profile

31,668
Population
$179,107
Median Income
+140% vs. national
Urban
Area Type
15.7/20
Foot Traffic
Very Walkable
Median Age: 42.9 — older demographic, may prefer sit-down options.
College-Educated: 57.8% — strong appetite for artisan/specialty food.

Competition

Veterinary Practices and related businesses in ZIP 20016.

3
Veterinary Practices
Low competition — room to establish
0.9 per 10K residents
4
Pet Care Services
1.3 per 10K residents
3
Pet Stores
0.9 per 10K residents
What this means: Veterinary Practices are 30.0% of the relevant market in ZIP 20016 (3 vs. 7 related businesses). Well-established market — differentiation is non-negotiable.

Operating Costs

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

$2,640
2BR Fair Market Rent
$2,105
Median Gross Rent
$1.2 M
Median Home Value
15
Bank Branches
$1.7 M deposits

Quick Facts

Area Type
Urban
Foot Traffic
Very Walkable
Veterinary Practices
3
Related Businesses
7
Bank Branches
15

vs. National Average

Median Income
+140% vs. $74,580
Walkability
+5.2 pts vs. national avg

Check Another Market

Or estimate costs with the VetCostCalc calculator.

Data sources

U.S. Census Bureau (ACS, ZBP) · HUD Fair Market Rents · EPA Walkability Index · USDA RUCA · IRS SOI · FDIC Summary of Deposits