Veterinary Practices Market: ZIP 48048
Opportunity Score
72
/ 100
Good
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 48048 is an urban area. with a population of 11,065 and household incomes near the national median ($68,990).
Area Profile
11,065
Population
$68,990
Median Income
-7% vs. national
Urban
Area Type
Median Age: 34.0 —
mixed-age market, broad menu appeal.
College-Educated: 10.3% —
value-focused market, keep prices competitive.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,490
2BR Fair Market Rent
$1,365
Median Gross Rent
$190 K
Median Home Value
1
Bank Branches
$55 K deposits
Tips for Starting a Veterinary Business in Michigan
- 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
-7% vs. $74,580
Nearby Markets
48050
3.4 mi
Pop: 1,290
$88,804
48051
3.9 mi
Pop: 17,716
$89,923
Walk: 6.2
48047
4.8 mi
Pop: 39,825
$95,381
Walk: 6.9
48062
7.9 mi
Pop: 9,273
$75,763
Walk: 6.5
48096
8.6 mi
Pop: 3,779
$112,311
Walk: 5.1
48042
8.6 mi
Pop: 33,303
$125,433
Walk: 5.5
48064
9.3 mi
Pop: 3,996
$79,375
Walk: 4.7
48023
9.9 mi
Pop: 4,980
$79,345
Walk: 5.8
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