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Veterinary Practices Market: ZIP 98106

Opportunity Score
85 / 100 Excellent
Based on walkability, population density, income levels, and local business competition.

Market Summary

ZIP 98106 is an urban area with moderate foot traffic. with a population of 28,889 and household incomes well above the national median ($115,529).

Area Profile

28,889
Population
$115,529
Median Income
+55% vs. national
Urban
Area Type
12.4/20
Foot Traffic
Walkable
Median Age: 36.4 — mixed-age market, broad menu appeal.
College-Educated: 33.3% — balanced market for quality & value.

Competition

Veterinary Practices and related businesses in ZIP 98106.

5
Pet Care Services
1.7 per 10K residents

Operating Costs

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

$2,410
2BR Fair Market Rent
$1,824
Median Gross Rent
$670 K
Median Home Value
2
Bank Branches
$170 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 $115,529. That gives you pricing room most markets don't offer. Don't underprice.

Data sources

U.S. Census Bureau (ACS, ZBP) · HUD Fair Market Rents · EPA Walkability Index · USDA RUCA · IRS SOI · FDIC Summary of Deposits