Home › ZIP 87109

Veterinary Practices Market: ZIP 87109

Opportunity Score

53 / 100 Fair

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

Market Summary

ZIP 87109 is an urban area with moderate foot traffic. with a population of 39,323 and household incomes near the national median ($56,295). There are 5 veterinary practices operations in ZIP 87109.

Area Profile

39,323

Population

$56,295

Median Income

-25% vs. national

Urban

Area Type

13.1/20

Foot Traffic

Walkable

Median Age: 42.7 — older demographic, may prefer sit-down options.

College-Educated: 31.2% — balanced market for quality & value.

Competition

Veterinary Practices and related businesses in ZIP 87109.

Veterinary Practices

Low competition — room to establish

1.3 per 10K residents

Pet Care Services

1.0 per 10K residents

What this means: Veterinary Practices are 55.6% of the relevant market in ZIP 87109 (5 vs. 4 related businesses). Well-established market — differentiation is non-negotiable.

Operating Costs

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

$1,410

2BR Fair Market Rent

$1,112

Median Gross Rent

$300 K

Median Home Value

Bank Branches

$3.3 M 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.