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Veterinary Practices Market: ZIP 38134

Opportunity Score

51 / 100 Fair

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

Market Summary

ZIP 38134 is an urban area with moderate foot traffic. with a population of 42,500 and household incomes near the national median ($61,172). There are 4 veterinary practices operations in ZIP 38134.

Area Profile

42,500

Population

$61,172

Median Income

-18% vs. national

Urban

Area Type

10.5/20

Foot Traffic

Walkable

Median Age: 33.9 — mixed-age market, broad menu appeal.

College-Educated: 13.6% — value-focused market, keep prices competitive.

Competition

Veterinary Practices and related businesses in ZIP 38134.

Veterinary Practices

Low competition — room to establish

0.9 per 10K residents

Pet Care Services

1.2 per 10K residents

What this means: Veterinary Practices are 44.4% of the relevant market in ZIP 38134 (4 vs. 5 related businesses). Well-established market — differentiation is non-negotiable.

Operating Costs

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

$1,370

2BR Fair Market Rent

$1,147

Median Gross Rent

$180 K

Median Home Value

Bank Branches

$1 M 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.