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Veterinary Practices Market: ZIP 98272

Opportunity Score

68 / 100 Good

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

Market Summary

ZIP 98272 is an urban area with low foot traffic. with a population of 32,055 and household incomes well above the national median ($115,894). There are 8 veterinary practices operations in ZIP 98272.

Area Profile

32,055

Population

$115,894

Median Income

+55% vs. national

Urban

Area Type

8.8/20

Foot Traffic

Car-Dependent

Median Age: 36.6 — mixed-age market, broad menu appeal.

College-Educated: 19.7% — value-focused market, keep prices competitive.

Competition

Veterinary Practices and related businesses in ZIP 98272.

Veterinary Practices

Moderate — proven market

2.5 per 10K residents

Pet Care Services

2.2 per 10K residents

Pet Stores

0.9 per 10K residents

What this means: Veterinary Practices are 44.4% of the relevant market in ZIP 98272 (8 vs. 10 related businesses). Well-established market — differentiation is non-negotiable.

Operating Costs

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

$2,540

2BR Fair Market Rent

$1,902

Median Gross Rent

$640 K

Median Home Value

Bank Branches

$750 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 $115,894. That gives you pricing room most markets don't offer. Don't underprice.