Veterinary Practices Market: ZIP 48502
Opportunity Score
32
/ 100
Challenging
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 48502 is an urban area. with a population of 1,388 and household incomes near the national median ($55,700).
Area Profile
1,388
Population
$55,700
Median Income
-25% vs. national
Urban
Area Type
Median Age: 31.2 —
mixed-age market, broad menu appeal.
College-Educated: 6.8% —
value-focused market, keep prices competitive.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$980
2BR Fair Market Rent
$886
Median Gross Rent
4
Bank Branches
$710 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
- 4
vs. National Average
Median Income
-25% vs. $74,580
Nearby Markets
48503
1.8 mi
Pop: 22,809
$40,155
Walk: 13.7
48529
3.7 mi
Pop: 8,959
$38,021
Walk: 11.7
48507
3.8 mi
Pop: 28,648
$47,165
Walk: 9.8
48505
3.8 mi
Pop: 18,108
$31,477
Walk: 11.3
48504
4.7 mi
Pop: 23,873
$36,740
Walk: 10.4
48506
5.8 mi
Pop: 24,538
$44,416
Walk: 9.6
48519
6.2 mi
Pop: 7,523
$60,625
Walk: 5.6
48509
6.2 mi
Pop: 9,532
$64,385
Walk: 9.8
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