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Veterinary Practices Market: ZIP 98027

Opportunity Score

72 / 100 Good

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

Market Summary

ZIP 98027 is an urban area with low foot traffic. with a population of 28,335 and household incomes well above the national median ($150,000). There are 10 veterinary practices operations in ZIP 98027.

Area Profile

28,335

Population

$150,000

Median Income

+101% vs. national

Urban

Area Type

10.0/20

Foot Traffic

Very Car-Dependent

Median Age: 40.4 — older demographic, may prefer sit-down options.

College-Educated: 49.0% — strong appetite for artisan/specialty food.

Competition

Veterinary Practices and related businesses in ZIP 98027.

Veterinary Practices

Moderate — proven market

3.5 per 10K residents

Pet Stores

1.8 per 10K residents

What this means: Veterinary Practices are 66.7% of the relevant market in ZIP 98027 (10 vs. 5 related businesses). Well-established market — differentiation is non-negotiable.

Operating Costs

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

$3,110

2BR Fair Market Rent

$2,343

Median Gross Rent

$980 K

Median Home Value

Bank Branches

$1.5 M deposits

Tips for Starting a Veterinary Business in Washington

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 $150,000. That gives you pricing room most markets don't offer. Don't underprice.