Home › ZIP 48167

Veterinary Practices Market: ZIP 48167

Opportunity Score

63 / 100 Good

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

Market Summary

ZIP 48167 is an urban area with low foot traffic. with a population of 23,281 and household incomes well above the national median ($118,378). There are 3 veterinary practices operations in ZIP 48167.

Area Profile

23,281

Population

$118,378

Median Income

+59% vs. national

Urban

Area Type

7.8/20

Foot Traffic

Car-Dependent

Median Age: 45.1 — older demographic, may prefer sit-down options.

College-Educated: 43.7% — strong appetite for artisan/specialty food.

Competition

Veterinary Practices and related businesses in ZIP 48167.

Veterinary Practices

Low competition — room to establish

1.3 per 10K residents

Pet Care Services

1.7 per 10K residents

What this means: Veterinary Practices are 42.9% of the relevant market in ZIP 48167 (3 vs. 4 related businesses). Well-established market — differentiation is non-negotiable.

Operating Costs

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

$1,820

2BR Fair Market Rent

$1,580

Median Gross Rent

$430 K

Median Home Value

Bank Branches

$1.2 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.
The median income here is $118,378. That gives you pricing room most markets don't offer. Don't underprice.