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Veterinary Practices Market: ZIP 98686

Opportunity Score

60 / 100 Good

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

Market Summary

ZIP 98686 is an urban area with low foot traffic. with a population of 20,553 and household incomes well above the national median ($101,866). There are 3 veterinary practices operations in ZIP 98686.

Area Profile

20,553

Population

$101,866

Median Income

+37% vs. national

Urban

Area Type

9.9/20

Foot Traffic

Very Car-Dependent

Median Age: 42.2 — older demographic, may prefer sit-down options.

College-Educated: 26.2% — balanced market for quality & value.

Competition

Veterinary Practices and related businesses in ZIP 98686.

Veterinary Practices

Low competition — room to establish

1.5 per 10K residents

Pet Care Services

2.4 per 10K residents

Pet Stores

2.4 per 10K residents

What this means: Veterinary Practices are 23.1% of the relevant market in ZIP 98686 (3 vs. 10 related businesses). Well-established market — differentiation is non-negotiable.

Operating Costs

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

$2,130

2BR Fair Market Rent

$1,836

Median Gross Rent

$550 K

Median Home Value

Bank Branches

$580 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 $101,866. That gives you pricing room most markets don't offer. Don't underprice.