ElderCareCost
Showing results for ZIP 57027 (SD)
Home ZIP 19709

Nursing Care Facilities Market: ZIP 19709

Opportunity Score
100 / 100 Excellent
Based on walkability, population density, income levels, and local business competition.

Market Summary

ZIP 19709 is an urban area. with a population of 50,542 and household incomes well above the national median ($129,971).

Area Profile

50,542
Population
$129,971
Median Income
+74% vs. national
Urban
Area Type
Median Age: 40.2 — older demographic, may prefer sit-down options.
College-Educated: 32.9% — balanced market for quality & value.

Competition

Nursing Care Facilities and related businesses in ZIP 19709.

5
Home Health Agencies
1.0 per 10K residents

Operating Costs

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

$1,980
2BR Fair Market Rent
$1,571
Median Gross Rent
$440 K
Median Home Value
8
Bank Branches
$990 K deposits

Tips for Starting a Elder Care Business in Delaware

  • State licensing for assisted living takes 6-12 months and involves facility inspections, staffing plans, and background checks. Start early.
  • Staffing is your #1 cost and #1 challenge. CNA turnover runs 50-75% annually in most markets. Budget for constant recruiting.
  • Medicare and Medicaid reimbursement rates vary by state. Some states pay well. Others don't cover costs. Know your state's rates before committing.
  • Start small. A residential care home (6-8 beds) requires far less capital than a 50-bed facility and lets you prove your model.
  • The median income here is $129,971. That gives you pricing room most markets don't offer. Don't underprice.

Data sources

U.S. Census Bureau (ACS, ZBP) · HUD Fair Market Rents · EPA Walkability Index · USDA RUCA · IRS SOI · FDIC Summary of Deposits