Veterinary Practices Market: ZIP 55043
Opportunity Score
69
/ 100
Good
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 55043 is an urban area with low foot traffic. with a population of 3,471 and household incomes well above the national median ($101,754).
Area Profile
3,471
Population
$101,754
Median Income
+36% vs. national
Urban
Area Type
8.3/20
Foot Traffic
Car-Dependent
Median Age: 50.7 —
older demographic, may prefer sit-down options.
College-Educated: 33.9% —
balanced market for quality & value.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,780
2BR Fair Market Rent
$1,617
Median Gross Rent
$360 K
Median Home Value
Tips for Starting a Veterinary Business in Minnesota
- 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 $101,754. That gives you pricing room most markets don't offer. Don't underprice.
Quick Facts
- Area Type
- Urban
- Foot Traffic
- Car-Dependent
vs. National Average
Median Income
+36% vs. $74,580
Walkability
-2.3 pts vs. national avg
Nearby Markets
55001
4.5 mi
Pop: 2,956
$130,625
55003
4.7 mi
Pop: 3,948
$115,781
Walk: 2.3
54016
5.8 mi
Pop: 33,784
$111,402
Walk: 7.9
54082
9.0 mi
Pop: 2,026
$130,738
55042
9.1 mi
Pop: 13,156
$154,779
Walk: 7.1
55129
9.4 mi
Pop: 32,016
$152,500
55082
10.5 mi
Pop: 36,414
$117,538
Walk: 8.7
55125
11.8 mi
Pop: 44,929
$118,129
Walk: 10.3
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