ElderCareCost
Showing results for ZIP 23882 (VA)
Home ZIP 20759

Nursing Care Facilities Market: ZIP 20759

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

Market Summary

ZIP 20759 is an urban area. with a population of 6,758 and household incomes well above the national median ($250,001).

Area Profile

6,758
Population
$250,001
Median Income
+235% vs. national
Urban
Area Type
Median Age: 39.3 — mixed-age market, broad menu appeal.
College-Educated: 52.6% — strong appetite for artisan/specialty food.

Operating Costs

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

$2,710
2BR Fair Market Rent
$3,501
Median Gross Rent
$890 K
Median Home Value
1
Bank Branches
$98 K deposits

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 $250,001. 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