Veterinary Practices Market: ZIP 47022
Opportunity Score
78
/ 100
Good
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 47022 is an urban area. with a population of 2,837 and household incomes well above the national median ($104,375).
Area Profile
2,837
Population
$104,375
Median Income
+40% vs. national
Urban
Area Type
Median Age: 43.5 —
older demographic, may prefer sit-down options.
College-Educated: 22.1% —
value-focused market, keep prices competitive.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,080
2BR Fair Market Rent
$290 K
Median Home Value
Tips for Starting a Veterinary Business in Indiana
- 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 $104,375. That gives you pricing room most markets don't offer. Don't underprice.
Quick Facts
- Area Type
- Urban
vs. National Average
Median Income
+40% vs. $74,580
Nearby Markets
47025
6.5 mi
Pop: 23,713
$89,986
Walk: 6.6
47035
7.8 mi
Pop: 266
$36,489
47060
8.2 mi
Pop: 6,379
$75,878
Walk: 5.0
47041
9.4 mi
Pop: 6,148
$86,778
Walk: 3.2
47001
10.4 mi
Pop: 10,374
$72,560
Walk: 7.7
47032
11.4 mi
Pop: 3,136
$62,484
47016
12.1 mi
Pop: 683
$66,533
45052
12.6 mi
Pop: 4,236
$100,000
Walk: 6.6
Check Another Market
Or estimate costs with the VetCostCalc calculator.
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