Veterinary Practices Market: ZIP 55401
Opportunity Score
98
/ 100
Excellent
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 55401 is an urban area. with a population of 11,526 and household incomes well above the national median ($115,651).
Area Profile
11,526
Population
$115,651
Median Income
+55% vs. national
Urban
Area Type
Median Age: 34.9 —
mixed-age market, broad menu appeal.
College-Educated: 69.4% —
strong appetite for artisan/specialty food.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$2,530
2BR Fair Market Rent
$2,010
Median Gross Rent
$400 K
Median Home Value
2
Bank Branches
$460 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 $115,651. That gives you pricing room most markets don't offer. Don't underprice.
Quick Facts
- Area Type
- Urban
- Bank Branches
- 2
vs. National Average
Median Income
+55% vs. $74,580
Nearby Markets
55402
0.6 mi
Pop: 760
$69,808
55415
1.1 mi
Pop: 6,474
$126,480
Walk: 15.7
55403
1.4 mi
Pop: 17,354
$59,928
Walk: 16.4
55404
1.7 mi
Pop: 28,071
$43,932
Walk: 15.7
55454
2.0 mi
Pop: 8,628
$26,429
55413
2.0 mi
Pop: 14,328
$84,252
Walk: 16.5
55411
2.2 mi
Pop: 29,719
$53,368
Walk: 14.0
55405
2.4 mi
Pop: 16,915
$70,425
Walk: 14.0
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