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Veterinary Practices Market: ZIP 38024

Opportunity Score

46 / 100 Fair

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

Market Summary

ZIP 38024 is an suburban area with low foot traffic. with a population of 25,357 and household incomes near the national median ($54,303). There are 4 veterinary practices operations in ZIP 38024.

Area Profile

25,357

Population

$54,303

Median Income

-27% vs. national

Suburban

Area Type

7.7/20

Foot Traffic

Car-Dependent

Median Age: 41.7 — older demographic, may prefer sit-down options.

College-Educated: 14.4% — value-focused market, keep prices competitive.

Competition

Veterinary Practices and related businesses in ZIP 38024.

Veterinary Practices

Low competition — room to establish

1.6 per 10K residents

Pet Care Services

1.2 per 10K residents

What this means: Veterinary Practices are 57.1% of the relevant market in ZIP 38024 (4 vs. 3 related businesses). Well-established market — differentiation is non-negotiable.

Operating Costs

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

$900

2BR Fair Market Rent

$757

Median Gross Rent

$170 K

Median Home Value

Bank Branches

$920 K deposits

Tips for Starting a Veterinary Business in Tennessee

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.