Nursing Care Facilities Market: ZIP 20637
Opportunity Score
100
/ 100
Excellent
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 20637 is an urban area. with a population of 6,337 and household incomes well above the national median ($149,821).
Area Profile
6,337
Population
$149,821
Median Income
+101% vs. national
Urban
Area Type
Median Age: 44.2 —
older demographic, may prefer sit-down options.
College-Educated: 22.0% —
value-focused market, keep prices competitive.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$3,230
2BR Fair Market Rent
$2,904
Median Gross Rent
$530 K
Median Home Value
Tips for Starting a Elder Care Business in Maryland
- 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 $149,821. That gives you pricing room most markets don't offer. Don't underprice.
Quick Facts
- Area Type
- Urban
vs. National Average
Median Income
+101% vs. $74,580
Nearby Markets
20612
5.4 mi
Pop: 68
20608
5.5 mi
Pop: 629
$79,635
20617
6.8 mi
Pop: 368
$113,068
20659
8.3 mi
Pop: 23,918
$117,571
Walk: 5.2
20601
9.5 mi
Pop: 27,340
$120,278
Walk: 6.7
20602
10.4 mi
Pop: 29,425
$108,733
Walk: 8.6
20613
10.6 mi
Pop: 15,923
$149,821
Walk: 5.4
20678
11.1 mi
Pop: 12,686
$118,288
Walk: 7.3
Check Another Market
Or estimate costs with the ElderCareCost calculator.
About This Data
Data sources
U.S. Census Bureau (ACS, ZBP) · HUD Fair Market Rents · EPA Walkability Index · USDA RUCA · IRS SOI · FDIC Summary of Deposits