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Veterinary Practices Market: ZIP 87107

Opportunity Score

58 / 100 Fair

Based on walkability, population density, income levels, and local business competition.

Market Summary

ZIP 87107 is an urban area with moderate foot traffic. with a population of 26,993 and household incomes near the national median ($59,663). There are 8 veterinary practices operations in ZIP 87107.

Area Profile

26,993

Population

$59,663

Median Income

-20% vs. national

Urban

Area Type

13.5/20

Foot Traffic

Walkable

Median Age: 45.9 — older demographic, may prefer sit-down options.

College-Educated: 30.3% — balanced market for quality & value.

Competition

Veterinary Practices and related businesses in ZIP 87107.

Veterinary Practices

Moderate — proven market

3.0 per 10K residents

Pet Care Services

1.1 per 10K residents

Pet Stores

1.1 per 10K residents

What this means: Veterinary Practices are 57.1% of the relevant market in ZIP 87107 (8 vs. 6 related businesses). Well-established market — differentiation is non-negotiable.

Operating Costs

Local cost levels affect space, labor, and operating expenses.

$1,140

2BR Fair Market Rent

$901

Median Gross Rent

$280 K

Median Home Value

Bank Branches

$610 K deposits

Tips for Starting a Veterinary Business in New Mexico

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.