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Veterinary Practices Market: ZIP 98087

Opportunity Score

67 / 100 Good

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

Market Summary

ZIP 98087 is an urban area with moderate foot traffic. with a population of 40,607 and household incomes well above the national median ($106,541). There are 5 veterinary practices operations in ZIP 98087.

Area Profile

40,607

Population

$106,541

Median Income

+43% vs. national

Urban

Area Type

13.2/20

Foot Traffic

Walkable

Median Age: 34.1 — mixed-age market, broad menu appeal.

College-Educated: 27.3% — balanced market for quality & value.

Competition

Veterinary Practices and related businesses in ZIP 98087.

Veterinary Practices

Low competition — room to establish

1.2 per 10K residents

Operating Costs

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

$2,600

2BR Fair Market Rent

$2,010

Median Gross Rent

$630 K

Median Home Value

Bank Branches

$470 K 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 $106,541. That gives you pricing room most markets don't offer. Don't underprice.