Veterinary Practices Market: ZIP 47932
Opportunity Score
66
/ 100
Good
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 47932 is an rural area. with a population of 5,193 and household incomes near the national median ($59,365).
Area Profile
5,193
Population
$59,365
Median Income
-20% vs. national
Rural
Area Type
Median Age: 44.2 —
older demographic, may prefer sit-down options.
College-Educated: 14.9% —
value-focused market, keep prices competitive.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$930
2BR Fair Market Rent
$835
Median Gross Rent
$170 K
Median Home Value
3
Bank Branches
$280 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.
- This is a rural ZIP. Your customer radius is wider, marketing costs are lower, but you'll work harder for each lead.
Quick Facts
- Area Type
- Rural
- Bank Branches
- 3
vs. National Average
Median Income
-20% vs. $74,580
Nearby Markets
47974
7.7 mi
Pop: 1,399
$90,455
Walk: 4.8
47982
8.8 mi
Pop: 98
$62,500
47991
10.3 mi
Pop: 1,398
$102,643
47993
12.1 mi
Pop: 3,667
$68,438
Walk: 4.0
47987
12.5 mi
Pop: 3,705
$71,875
Walk: 7.5
61814
12.6 mi
Pop: 1,207
$57,727
47952
14.5 mi
Pop: 2,676
$54,250
61832
15.0 mi
Pop: 32,302
$45,264
Walk: 9.8
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