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Veterinary Practices Market: ZIP 47616

Opportunity Score

30 / 100 Challenging

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

Market Summary

ZIP 47616 is an urban area. with a population of 214 and household incomes above the national median ($80,208).

214

Population

$80,208

Median Income

+8% vs. national

Urban

Area Type

Median Age: 31.7 — mixed-age market, broad menu appeal.

College-Educated: 23.4% — value-focused market, keep prices competitive.

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

$970

2BR Fair Market Rent

$1,042

Median Gross Rent

$78 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.