Nursing Care Facilities Market: ZIP 20743
Opportunity Score
72
/ 100
Good
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 20743 is an urban area with moderate foot traffic. with a population of 39,439 and household incomes above the national median ($76,332).
Area Profile
39,439
Population
$76,332
Median Income
+2% vs. national
Urban
Area Type
12.4/20
Foot Traffic
Walkable
Median Age: 38.9 —
mixed-age market, broad menu appeal.
College-Educated: 16.2% —
value-focused market, keep prices competitive.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,850
2BR Fair Market Rent
$1,614
Median Gross Rent
$320 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.
Quick Facts
- Area Type
- Urban
- Foot Traffic
- Walkable
vs. National Average
Median Income
+2% vs. $74,580
Walkability
+1.9 pts vs. national avg
Nearby Markets
20747
2.2 mi
Pop: 37,924
$72,931
Walk: 11.5
20785
2.5 mi
Pop: 40,946
$83,690
Walk: 12.6
20019
3.3 mi
Pop: 64,365
$57,031
Walk: 13.3
20746
3.7 mi
Pop: 27,494
$78,391
Walk: 11.6
20710
4.5 mi
Pop: 9,764
$64,406
20784
4.6 mi
Pop: 32,271
$84,599
Walk: 13.3
20722
5.2 mi
Pop: 6,362
$85,750
Walk: 17.2
20762
5.4 mi
Pop: 3,075
$91,905
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