Veterinary Practices Market: ZIP 55331
Opportunity Score
83
/ 100
Excellent
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 55331 is an urban area with low foot traffic. with a population of 19,291 and household incomes well above the national median ($160,029).
Area Profile
19,291
Population
$160,029
Median Income
+115% vs. national
Urban
Area Type
9.5/20
Foot Traffic
Very Car-Dependent
Median Age: 48.8 —
older demographic, may prefer sit-down options.
College-Educated: 51.4% —
strong appetite for artisan/specialty food.
Competition
Veterinary Practices and related businesses in ZIP 55331.
3
Pet Care Services
1.6 per 10K residents
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,510
2BR Fair Market Rent
$1,208
Median Gross Rent
$710 K
Median Home Value
7
Bank Branches
$740 K deposits
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 $160,029. That gives you pricing room most markets don't offer. Don't underprice.
Quick Facts
- Area Type
- Urban
- Foot Traffic
- Very Car-Dependent
- Related Businesses
- 3
- Bank Branches
- 7
vs. National Average
Median Income
+115% vs. $74,580
Walkability
-1.1 pts vs. national avg
Nearby Markets
55384
2.8 mi
Pop: 1,869
$46,860
55386
4.8 mi
Pop: 10,080
$191,279
Walk: 8.1
55317
5.1 mi
Pop: 22,373
$133,573
Walk: 7.1
55364
5.3 mi
Pop: 13,959
$111,083
Walk: 8.6
55391
6.3 mi
Pop: 15,469
$170,115
Walk: 9.9
55318
6.5 mi
Pop: 29,884
$111,781
Walk: 8.8
55356
6.7 mi
Pop: 5,924
$171,333
55375
8.0 mi
Pop: 4,285
$136,250
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