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Veterinary Practices Market: ZIP 98122

Opportunity Score

69 / 100 Good

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

Market Summary

ZIP 98122 is an urban area with high foot traffic. with a population of 42,001 and household incomes well above the national median ($106,479). There are 3 veterinary practices operations in ZIP 98122.

Area Profile

42,001

Population

$106,479

Median Income

+43% vs. national

Urban

Area Type

16.2/20

Foot Traffic

Very Walkable

Median Age: 31.8 — mixed-age market, broad menu appeal.

College-Educated: 53.3% — strong appetite for artisan/specialty food.

Competition

Veterinary Practices and related businesses in ZIP 98122.

Veterinary Practices

Low competition — room to establish

0.7 per 10K residents

Pet Care Services

1.0 per 10K residents

What this means: Veterinary Practices are 42.9% of the relevant market in ZIP 98122 (3 vs. 4 related businesses). Well-established market — differentiation is non-negotiable.

Operating Costs

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

$3,200

2BR Fair Market Rent

$1,991

Median Gross Rent

$930 K

Median Home Value

Bank Branches

$250 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 $106,479. That gives you pricing room most markets don't offer. Don't underprice.