Veterinary Practices Market: ZIP 47302
Opportunity Score
55
/ 100
Fair
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 47302 is an urban area with low foot traffic. with a population of 25,365 and household incomes below the national median ($47,185).
Area Profile
25,365
Population
$47,185
Median Income
-37% vs. national
Urban
Area Type
8.5/20
Foot Traffic
Car-Dependent
Median Age: 39.6 —
mixed-age market, broad menu appeal.
College-Educated: 8.0% —
value-focused market, keep prices competitive.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$930
2BR Fair Market Rent
$865
Median Gross Rent
$71 K
Median Home Value
3
Bank Branches
$120 K deposits
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
- Foot Traffic
- Car-Dependent
- Bank Branches
- 3
vs. National Average
Median Income
-37% vs. $74,580
Walkability
-2.1 pts vs. national avg
Nearby Markets
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