Veterinary Practices Market: ZIP 48374
Opportunity Score
77
/ 100
Good
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 48374 is an urban area with low foot traffic. with a population of 17,828 and household incomes well above the national median ($185,203).
Area Profile
17,828
Population
$185,203
Median Income
+148% vs. national
Urban
Area Type
6.7/20
Foot Traffic
Car-Dependent
Median Age: 39.2 —
mixed-age market, broad menu appeal.
College-Educated: 44.0% —
strong appetite for artisan/specialty food.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$2,070
2BR Fair Market Rent
$2,849
Median Gross Rent
$550 K
Median Home Value
5
Bank Branches
$1 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 $185,203. That gives you pricing room most markets don't offer. Don't underprice.
Quick Facts
- Area Type
- Urban
- Foot Traffic
- Car-Dependent
- Bank Branches
- 5
vs. National Average
Median Income
+148% vs. $74,580
Walkability
-3.8 pts vs. national avg
Nearby Markets
48167
2.9 mi
Pop: 23,281
$118,378
Walk: 7.8
48393
3.7 mi
Pop: 20,098
$67,194
Walk: 6.8
48377
3.9 mi
Pop: 19,775
$83,368
Walk: 8.7
48375
3.9 mi
Pop: 23,927
$112,978
Walk: 7.7
48168
4.9 mi
Pop: 25,039
$173,671
Walk: 9.7
48390
6.2 mi
Pop: 24,118
$89,411
Walk: 8.2
48165
7.0 mi
Pop: 9,141
$105,511
48170
7.4 mi
Pop: 40,573
$109,442
Walk: 8.8
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