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Veterinary Practices Market: ZIP 48104

Opportunity Score

55 / 100 Fair

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

Market Summary

ZIP 48104 is an urban area with moderate foot traffic. with a population of 43,762 and household incomes near the national median ($63,341). There are 4 veterinary practices operations in ZIP 48104.

Area Profile

43,762

Population

$63,341

Median Income

-15% vs. national

Urban

Area Type

13.2/20

Foot Traffic

Walkable

Median Age: 22.9 — young market, strong street food demand.

College-Educated: 33.9% — balanced market for quality & value.

Competition

Veterinary Practices and related businesses in ZIP 48104.

Veterinary Practices

Low competition — room to establish

0.9 per 10K residents

Pet Stores

0.9 per 10K residents

What this means: Veterinary Practices are 50.0% of the relevant market in ZIP 48104 (4 vs. 4 related businesses). Well-established market — differentiation is non-negotiable.

Operating Costs

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

$1,900

2BR Fair Market Rent

$1,548

Median Gross Rent

$480 K

Median Home Value

Bank Branches

$3.9 M 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.