Veterinary Practices Market: ZIP 87116
Opportunity Score
78
/ 100
Good
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 87116 is an urban area. with a population of 3,953 and household incomes above the national median ($78,877).
Area Profile
3,953
Population
$78,877
Median Income
+6% vs. national
Urban
Area Type
Median Age: 24.1 —
young market, strong street food demand.
College-Educated: 21.6% —
value-focused market, keep prices competitive.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,980
2BR Fair Market Rent
$1,744
Median Gross Rent
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.
Quick Facts
- Area Type
- Urban
vs. National Average
Median Income
+6% vs. $74,580
Nearby Markets
87108
2.0 mi
Pop: 35,985
$39,578
Walk: 14.4
87110
4.3 mi
Pop: 40,142
$63,593
Walk: 14.2
87106
4.4 mi
Pop: 26,815
$51,079
Walk: 12.0
87117
4.5 mi
Pop: 24
87112
4.7 mi
Pop: 42,523
$69,610
Walk: 13.9
87123
6.3 mi
Pop: 43,515
$61,552
Walk: 11.6
87102
6.3 mi
Pop: 20,258
$37,276
Walk: 15.8
87101
6.6 mi
Pop: 0
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