Veterinary Practices Market: ZIP 48117
Opportunity Score
76
/ 100
Good
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 48117 is an urban area. with a population of 10,199 and household incomes above the national median ($76,600).
Area Profile
10,199
Population
$76,600
Median Income
+3% vs. national
Urban
Area Type
Median Age: 48.9 —
older demographic, may prefer sit-down options.
College-Educated: 10.7% —
value-focused market, keep prices competitive.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,250
2BR Fair Market Rent
$1,081
Median Gross Rent
$280 K
Median Home Value
1
Bank Branches
$100 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
+3% vs. $74,580
Nearby Markets
48164
5.7 mi
Pop: 9,577
$111,173
Walk: 4.8
48162
6.3 mi
Pop: 28,275
$68,801
Walk: 6.7
48134
8.8 mi
Pop: 24,472
$88,821
48166
9.2 mi
Pop: 13,746
$70,923
Walk: 4.7
48159
9.7 mi
Pop: 2,637
$69,191
48111
10.7 mi
Pop: 44,193
$74,125
Walk: 7.6
48179
10.7 mi
Pop: 3,353
$78,750
Walk: 4.2
48161
10.8 mi
Pop: 26,556
$65,517
Walk: 7.1
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