Veterinary Practices Market: ZIP 47247
Opportunity Score
4
/ 100
Challenging
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 47247 is an urban area.
Area Profile
165
Population
Urban
Area Type
Median Age: 50.7 —
older demographic, may prefer sit-down options.
College-Educated: 5.5% —
value-focused market, keep prices competitive.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,080
2BR Fair Market Rent
$840
Median Gross Rent
$120 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.
Quick Facts
- Area Type
- Urban
Nearby Markets
47274
7.0 mi
Pop: 32,786
$72,186
Walk: 6.0
47232
7.6 mi
Pop: 2,329
$81,875
Walk: 3.4
47201
9.8 mi
Pop: 48,602
$82,667
Walk: 9.2
47273
10.5 mi
Pop: 1,838
$79,015
Walk: 4.3
47203
12.4 mi
Pop: 25,106
$73,595
Walk: 7.1
47236
12.9 mi
Pop: 298
47244
16.8 mi
Pop: 570
$68,750
47220
17.0 mi
Pop: 6,070
$69,720
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