Nursing Care Facilities Market: ZIP 20853
Opportunity Score
87
/ 100
Excellent
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 20853 is an urban area with moderate foot traffic. with a population of 31,438 and household incomes well above the national median ($157,168).
Area Profile
31,438
Population
$157,168
Median Income
+111% vs. national
Urban
Area Type
12.2/20
Foot Traffic
Walkable
Median Age: 41.9 —
older demographic, may prefer sit-down options.
College-Educated: 35.8% —
balanced market for quality & value.
Competition
Nursing Care Facilities and related businesses in ZIP 20853.
3
Home Health Agencies
1.0 per 10K residents
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$2,390
2BR Fair Market Rent
$1,944
Median Gross Rent
$610 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 $157,168. That gives you pricing room most markets don't offer. Don't underprice.
Quick Facts
- Area Type
- Urban
- Foot Traffic
- Walkable
- Related Businesses
- 3
vs. National Average
Median Income
+111% vs. $74,580
Walkability
+1.7 pts vs. national avg
Nearby Markets
20851
2.4 mi
Pop: 14,660
$113,951
Walk: 13.5
20906
2.9 mi
Pop: 71,216
$92,964
Walk: 11.5
20855
3.5 mi
Pop: 16,557
$147,708
Walk: 10.5
20832
3.5 mi
Pop: 25,766
$166,892
Walk: 13.6
20852
4.0 mi
Pop: 47,857
$121,496
Walk: 13.5
20896
4.6 mi
Pop: 890
$250,001
Walk: 12.9
20860
5.3 mi
Pop: 2,062
Walk: 14.9
20895
5.3 mi
Pop: 19,042
$169,527
Walk: 14.9
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