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Veterinary Practices Market: ZIP 47163

Opportunity Score

37 / 100 Challenging

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

Market Summary

ZIP 47163 is an urban area with low foot traffic. with a population of 1,293 and household incomes near the national median ($62,717).

1,293

Population

$62,717

Median Income

-16% vs. national

Urban

Area Type

8.6/20

Foot Traffic

Car-Dependent

Median Age: 47.3 — older demographic, may prefer sit-down options.

College-Educated: 4.4% — value-focused market, keep prices competitive.

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

$1,190

2BR Fair Market Rent

$180 K

Median Home Value

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.