Veterinary Practices Market: ZIP 47320
Opportunity Score
72
/ 100
Good
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 47320 is an urban area. with a population of 4,486 and household incomes near the national median ($68,244).
Area Profile
4,486
Population
$68,244
Median Income
-8% vs. national
Urban
Area Type
Median Age: 48.2 —
older demographic, may prefer sit-down options.
College-Educated: 12.4% —
value-focused market, keep prices competitive.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$930
2BR Fair Market Rent
$669
Median Gross Rent
$120 K
Median Home Value
1
Bank Branches
$49 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
- Bank Branches
- 1
vs. National Average
Median Income
-8% vs. $74,580
Nearby Markets
47338
6.6 mi
Pop: 2,378
$62,064
47303
7.2 mi
Pop: 24,115
$42,556
Walk: 8.3
47383
8.0 mi
Pop: 2,564
$59,700
47368
8.2 mi
Pop: 2,118
$69,936
Walk: 5.6
47373
9.3 mi
Pop: 2,218
$49,199
47305
9.5 mi
Pop: 3,570
$33,125
Walk: 10.4
47336
9.7 mi
Pop: 2,793
$50,381
Walk: 7.2
47306
10.3 mi
Pop: 3,866
Walk: 8.3
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