Veterinary Practices Market: ZIP 48602
Opportunity Score
52
/ 100
Fair
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 48602 is an urban area with low foot traffic. with a population of 27,490 and household incomes below the national median ($46,068).
Area Profile
27,490
Population
$46,068
Median Income
-38% vs. national
Urban
Area Type
8.2/20
Foot Traffic
Car-Dependent
Median Age: 35.4 —
mixed-age market, broad menu appeal.
College-Educated: 10.0% —
value-focused market, keep prices competitive.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,000
2BR Fair Market Rent
$902
Median Gross Rent
$70 K
Median Home Value
3
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.
Quick Facts
- Area Type
- Urban
- Foot Traffic
- Car-Dependent
- Bank Branches
- 3
vs. National Average
Median Income
-38% vs. $74,580
Walkability
-2.3 pts vs. national avg
Nearby Markets
48607
2.9 mi
Pop: 1,523
$39,211
Walk: 9.1
48638
3.0 mi
Pop: 12,668
$63,444
Walk: 6.6
48724
4.2 mi
Pop: 1,226
$31,787
Walk: 7.4
48603
4.6 mi
Pop: 27,846
$65,690
Walk: 8.1
48604
5.5 mi
Pop: 11,284
$53,804
Walk: 8.0
48601
6.1 mi
Pop: 32,069
$37,830
Walk: 6.6
48609
7.8 mi
Pop: 12,206
$78,800
Walk: 6.3
48710
9.5 mi
Pop: 0
Walk: 5.2
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