Veterinary Practices Market: ZIP 87547
Opportunity Score
79
/ 100
Good
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 87547 is an suburban area with low foot traffic. with a population of 5,568 and household incomes well above the national median ($150,714).
Area Profile
5,568
Population
$150,714
Median Income
+102% vs. national
Suburban
Area Type
7.1/20
Foot Traffic
Car-Dependent
Median Age: 41.7 —
older demographic, may prefer sit-down options.
College-Educated: 48.7% —
strong appetite for artisan/specialty food.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,410
2BR Fair Market Rent
$460 K
Median Home Value
1
Bank Branches
$24 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.
- The median income here is $150,714. That gives you pricing room most markets don't offer. Don't underprice.
Quick Facts
- Area Type
- Suburban
- Foot Traffic
- Car-Dependent
- Bank Branches
- 1
vs. National Average
Median Income
+102% vs. $74,580
Walkability
-3.4 pts vs. national avg
Nearby Markets
87544
6.8 mi
Pop: 13,806
$135,108
Walk: 5.1
87532
13.6 mi
Pop: 19,522
$57,077
Walk: 6.5
87507
14.7 mi
Pop: 51,109
$62,955
Walk: 11.5
87083
15.7 mi
Pop: 453
$54,861
87041
16.4 mi
Pop: 848
$77,847
87506
17.4 mi
Pop: 16,055
$90,504
Walk: 4.3
87567
18.2 mi
Pop: 1,029
Walk: 5.8
87072
19.1 mi
Pop: 599
$49,688
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