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Veterinary Practices Market: ZIP 87501

Opportunity Score

80 / 100 Excellent

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

Market Summary

ZIP 87501 is an urban area with high foot traffic. with a population of 15,409 and household incomes above the national median ($81,229).

15,409

Population

$81,229

Median Income

+9% vs. national

Urban

Area Type

16.7/20

Foot Traffic

Very Walkable

Median Age: 59.5 — older demographic, may prefer sit-down options.

College-Educated: 52.1% — strong appetite for artisan/specialty food.

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

$1,920

2BR Fair Market Rent

$1,516

Median Gross Rent

$650 K

Median Home Value

Bank Branches

$1.7 M deposits

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.