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Veterinary Practices Market: ZIP 98117

Opportunity Score

75 / 100 Good

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

Market Summary

ZIP 98117 is an urban area with high foot traffic. with a population of 35,147 and household incomes well above the national median ($182,500). There are 5 veterinary practices operations in ZIP 98117.

Area Profile

35,147

Population

$182,500

Median Income

+145% vs. national

Urban

Area Type

15.7/20

Foot Traffic

Very Walkable

Median Age: 39.8 — mixed-age market, broad menu appeal.

College-Educated: 56.2% — strong appetite for artisan/specialty food.

Competition

Veterinary Practices and related businesses in ZIP 98117.

Veterinary Practices

Low competition — room to establish

1.4 per 10K residents

Pet Care Services

2.8 per 10K residents

Pet Stores

0.9 per 10K residents

What this means: Veterinary Practices are 27.8% of the relevant market in ZIP 98117 (5 vs. 13 related businesses). Well-established market — differentiation is non-negotiable.

Operating Costs

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

$2,870

2BR Fair Market Rent

$2,197

Median Gross Rent

$1 M

Median Home Value

Bank Branches

$660 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 $182,500. That gives you pricing room most markets don't offer. Don't underprice.