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Veterinary Practices Market: ZIP 97140

Opportunity Score

66 / 100 Good

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

Market Summary

ZIP 97140 is an urban area with low foot traffic. with a population of 27,999 and household incomes well above the national median ($119,241). There are 4 veterinary practices operations in ZIP 97140.

Area Profile

27,999

Population

$119,241

Median Income

+60% vs. national

Urban

Area Type

9.7/20

Foot Traffic

Very Car-Dependent

Median Age: 37.2 — mixed-age market, broad menu appeal.

College-Educated: 31.9% — balanced market for quality & value.

Competition

Veterinary Practices and related businesses in ZIP 97140.

Veterinary Practices

Low competition — room to establish

1.4 per 10K residents

Pet Care Services

2.5 per 10K residents

Pet Stores

1.1 per 10K residents

What this means: Veterinary Practices are 28.6% of the relevant market in ZIP 97140 (4 vs. 10 related businesses). Well-established market — differentiation is non-negotiable.

Operating Costs

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

$2,520

2BR Fair Market Rent

$1,934

Median Gross Rent

$620 K

Median Home Value

Bank Branches

$590 K deposits

Tips for Starting a Veterinary Business in Oregon

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 $119,241. That gives you pricing room most markets don't offer. Don't underprice.