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Veterinary Practices Market: ZIP 87110

Opportunity Score

58 / 100 Fair

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

Market Summary

ZIP 87110 is an urban area with moderate foot traffic. with a population of 40,142 and household incomes near the national median ($63,593). There are 6 veterinary practices operations in ZIP 87110.

Area Profile

40,142

Population

$63,593

Median Income

-15% vs. national

Urban

Area Type

14.2/20

Foot Traffic

Very Car-Dependent

Median Age: 41.2 — older demographic, may prefer sit-down options.

College-Educated: 28.2% — balanced market for quality & value.

Competition

Veterinary Practices and related businesses in ZIP 87110.

Veterinary Practices

Moderate — proven market

1.5 per 10K residents

Pet Care Services

0.7 per 10K residents

Pet Stores

0.7 per 10K residents

What this means: Veterinary Practices are 50.0% of the relevant market in ZIP 87110 (6 vs. 6 related businesses). Well-established market — differentiation is non-negotiable.

Operating Costs

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

$1,400

2BR Fair Market Rent

$1,096

Median Gross Rent

$250 K

Median Home Value

Bank Branches

$1.3 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.