Veterinary Practices Market: ZIP 48462
Opportunity Score
68
/ 100
Good
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 48462 is an urban area with low foot traffic. with a population of 13,010 and household incomes well above the national median ($103,739).
Area Profile
13,010
Population
$103,739
Median Income
+39% vs. national
Urban
Area Type
5.1/20
Foot Traffic
Very Car-Dependent
Median Age: 47.5 —
older demographic, may prefer sit-down options.
College-Educated: 27.4% —
balanced market for quality & value.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,180
2BR Fair Market Rent
$940
Median Gross Rent
$320 K
Median Home Value
2
Bank Branches
$140 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 $103,739. 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
+39% vs. $74,580
Walkability
-5.4 pts vs. national avg
Nearby Markets
48348
5.6 mi
Pop: 24,892
$131,586
Walk: 5.9
48438
6.3 mi
Pop: 7,305
$100,759
Walk: 8.3
48440
7.5 mi
Pop: 111
$108,859
48346
9.0 mi
Pop: 22,954
$97,857
Walk: 7.7
48371
9.4 mi
Pop: 26,120
$108,983
Walk: 6.3
48411
9.5 mi
Pop: 29
48350
10.7 mi
Pop: 7,866
$108,568
48455
11.0 mi
Pop: 7,849
$97,060
Walk: 4.7
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