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Veterinary Practices Market: ZIP 98387

Opportunity Score

59 / 100 Fair

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

Market Summary

ZIP 98387 is an urban area with low foot traffic. with a population of 49,940 and household incomes well above the national median ($101,141). There are 5 veterinary practices operations in ZIP 98387.

Area Profile

49,940

Population

$101,141

Median Income

+36% vs. national

Urban

Area Type

7.1/20

Foot Traffic

Car-Dependent

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

College-Educated: 11.4% — value-focused market, keep prices competitive.

Competition

Veterinary Practices and related businesses in ZIP 98387.

Veterinary Practices

Low competition — room to establish

1.0 per 10K residents

Pet Care Services

0.6 per 10K residents

What this means: Veterinary Practices are 62.5% of the relevant market in ZIP 98387 (5 vs. 3 related businesses). Well-established market — differentiation is non-negotiable.

Operating Costs

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

$2,210

2BR Fair Market Rent

$1,837

Median Gross Rent

$420 K

Median Home Value

Bank Branches

$320 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 $101,141. That gives you pricing room most markets don't offer. Don't underprice.