Veterinary Practices Market: ZIP 48168
Opportunity Score
83
/ 100
Excellent
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 48168 is an urban area with low foot traffic. with a population of 25,039 and household incomes well above the national median ($173,671).
Area Profile
25,039
Population
$173,671
Median Income
+133% vs. national
Urban
Area Type
9.7/20
Foot Traffic
Very Car-Dependent
Median Age: 44.9 —
older demographic, may prefer sit-down options.
College-Educated: 50.4% —
strong appetite for artisan/specialty food.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,570
2BR Fair Market Rent
$2,248
Median Gross Rent
$550 K
Median Home Value
2
Bank Branches
$530 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.
- The median income here is $173,671. That gives you pricing room most markets don't offer. Don't underprice.
Quick Facts
- Area Type
- Urban
- Foot Traffic
- Very Car-Dependent
- Bank Branches
- 2
vs. National Average
Median Income
+133% vs. $74,580
Walkability
-0.8 pts vs. national avg
Nearby Markets
48167
2.2 mi
Pop: 23,281
$118,378
Walk: 7.8
48170
2.6 mi
Pop: 40,573
$109,442
Walk: 8.8
48374
4.9 mi
Pop: 17,828
$185,203
Walk: 6.7
48375
6.7 mi
Pop: 23,927
$112,978
Walk: 7.7
48187
6.8 mi
Pop: 52,710
$117,980
Walk: 8.3
48393
8.0 mi
Pop: 20,098
$67,194
Walk: 6.8
48377
8.3 mi
Pop: 19,775
$83,368
Walk: 8.7
48165
8.3 mi
Pop: 9,141
$105,511
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