Veterinary Practices Market: ZIP 55947
Opportunity Score
67
/ 100
Good
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 55947 is an urban area with low foot traffic. with a population of 7,319 and household incomes above the national median ($85,464).
Area Profile
7,319
Population
$85,464
Median Income
+15% vs. national
Urban
Area Type
7.8/20
Foot Traffic
Car-Dependent
Median Age: 47.6 —
older demographic, may prefer sit-down options.
College-Educated: 27.9% —
balanced market for quality & value.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,160
2BR Fair Market Rent
$1,015
Median Gross Rent
$270 K
Median Home Value
3
Bank Branches
$180 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.
Quick Facts
- Area Type
- Urban
- Foot Traffic
- Car-Dependent
- Bank Branches
- 3
vs. National Average
Median Income
+15% vs. $74,580
Walkability
-2.7 pts vs. national avg
Nearby Markets
55941
6.9 mi
Pop: 1,084
$71,607
54603
8.3 mi
Pop: 14,181
$49,693
Walk: 15.0
55925
8.8 mi
Pop: 1,240
$91,389
54650
11.4 mi
Pop: 24,619
$85,255
Walk: 12.9
55919
14.7 mi
Pop: 1,008
$70,962
55943
15.2 mi
Pop: 3,070
$69,896
54601
15.6 mi
Pop: 50,474
$60,078
Walk: 14.2
54658
15.7 mi
Pop: 2,458
$72,734
Walk: 5.5
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