Veterinary Practices Market: ZIP 55718
Opportunity Score
76
/ 100
Good
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 55718 is an urban area. with a population of 3,068 and household incomes above the national median ($98,448).
Area Profile
3,068
Population
$98,448
Median Income
+32% vs. national
Urban
Area Type
Median Age: 44.0 —
older demographic, may prefer sit-down options.
College-Educated: 20.4% —
value-focused market, keep prices competitive.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,010
2BR Fair Market Rent
$878
Median Gross Rent
$290 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.
Quick Facts
- Area Type
- Urban
vs. National Average
Median Income
+32% vs. $74,580
Nearby Markets
55797
9.4 mi
Pop: 1,372
$88,203
55720
9.5 mi
Pop: 17,480
$66,399
Walk: 8.4
55733
10.8 mi
Pop: 5,180
$115,051
55707
11.4 mi
Pop: 3,207
$81,471
55749
12.9 mi
Pop: 539
$82,530
55780
13.7 mi
Pop: 245
$72,917
Walk: 2.6
55808
17.6 mi
Pop: 5,325
$59,808
Walk: 11.6
55810
17.7 mi
Pop: 8,305
$81,894
Walk: 9.9
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