Veterinary Practices Market: ZIP 88220
Opportunity Score
54
/ 100
Fair
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 88220 is an suburban area with low foot traffic. with a population of 40,151 and household incomes above the national median ($79,668). There are 5 veterinary practices operations in ZIP 88220.
Area Profile
40,151
Population
$79,668
Median Income
+7% vs. national
Suburban
Area Type
8.4/20
Foot Traffic
Car-Dependent
Median Age: 37.9 —
mixed-age market, broad menu appeal.
College-Educated: 13.7% —
value-focused market, keep prices competitive.
Competition
Veterinary Practices and related businesses in ZIP 88220.
5
Veterinary Practices
Low competition — room to establish
1.2 per 10K residents
3
Pet Care Services
0.7 per 10K residents
What this means:
Veterinary Practices are 62.5% of the relevant market in ZIP 88220 (5 vs. 3 related businesses).
Well-established market — differentiation is non-negotiable.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,080
2BR Fair Market Rent
$1,218
Median Gross Rent
$190 K
Median Home Value
10
Bank Branches
$1.4 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.
Quick Facts
- Area Type
- Suburban
- Foot Traffic
- Car-Dependent
- Veterinary Practices
- 5
- Related Businesses
- 3
- Bank Branches
- 10
vs. National Average
Median Income
+7% vs. $74,580
Walkability
-2.1 pts vs. national avg
Nearby Markets
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