Home › ZIP 98407

Veterinary Practices Market: ZIP 98407

Opportunity Score

68 / 100 Good

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

Market Summary

ZIP 98407 is an urban area with moderate foot traffic. with a population of 21,210 and household incomes well above the national median ($108,905). There are 3 veterinary practices operations in ZIP 98407.

Area Profile

21,210

Population

$108,905

Median Income

+46% vs. national

Urban

Area Type

14.4/20

Foot Traffic

Very Car-Dependent

Median Age: 47.0 — older demographic, may prefer sit-down options.

College-Educated: 39.6% — balanced market for quality & value.

Competition

Veterinary Practices and related businesses in ZIP 98407.

Veterinary Practices

Low competition — room to establish

1.4 per 10K residents

Pet Stores

1.4 per 10K residents

What this means: Veterinary Practices are 50.0% of the relevant market in ZIP 98407 (3 vs. 3 related businesses). Well-established market — differentiation is non-negotiable.

Operating Costs

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

$2,270

2BR Fair Market Rent

$1,847

Median Gross Rent

$610 K

Median Home Value

Bank Branches

$520 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 $108,905. That gives you pricing room most markets don't offer. Don't underprice.