Veterinary Practices Market: ZIP 48723
Opportunity Score
59
/ 100
Fair
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 48723 is an rural area with low foot traffic. with a population of 11,960 and household incomes near the national median ($56,618).
Area Profile
11,960
Population
$56,618
Median Income
-24% vs. national
Rural
Area Type
9.8/20
Foot Traffic
Very Car-Dependent
Median Age: 45.0 —
older demographic, may prefer sit-down options.
College-Educated: 13.3% —
value-focused market, keep prices competitive.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$930
2BR Fair Market Rent
$737
Median Gross Rent
$130 K
Median Home Value
4
Bank Branches
$290 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.
- This is a rural ZIP. Your customer radius is wider, marketing costs are lower, but you'll work harder for each lead.
Quick Facts
- Area Type
- Rural
- Foot Traffic
- Very Car-Dependent
- Bank Branches
- 4
vs. National Average
Median Income
-24% vs. $74,580
Walkability
-0.8 pts vs. national avg
Nearby Markets
48744
9.8 mi
Pop: 4,387
$58,435
48767
12.5 mi
Pop: 2,041
$74,469
Walk: 5.1
48701
13.8 mi
Pop: 1,364
$61,976
48729
14.6 mi
Pop: 1,537
$54,844
Walk: 3.3
48733
14.7 mi
Pop: 1,650
$54,583
48735
14.7 mi
Pop: 965
$61,250
Walk: 5.0
48760
14.8 mi
Pop: 1,361
$59,083
Walk: 2.6
48741
15.3 mi
Pop: 2,049
$61,875
Walk: 3.6
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