ElderCareCost
Showing results for ZIP 47982 (IN)
Home ZIP 21009

Nursing Care Facilities Market: ZIP 21009

Opportunity Score
81 / 100 Excellent
Based on walkability, population density, income levels, and local business competition.

Market Summary

ZIP 21009 is an urban area with low foot traffic. with a population of 33,444 and household incomes well above the national median ($117,017).

Area Profile

33,444
Population
$117,017
Median Income
+57% vs. national
Urban
Area Type
9.4/20
Foot Traffic
Very Car-Dependent
Median Age: 36.1 — mixed-age market, broad menu appeal.
College-Educated: 27.7% — balanced market for quality & value.

Competition

Nursing Care Facilities and related businesses in ZIP 21009.

4
Home Health Agencies
1.2 per 10K residents

Operating Costs

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

$2,020
2BR Fair Market Rent
$1,680
Median Gross Rent
$340 K
Median Home Value
7
Bank Branches
$640 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 $117,017. That gives you pricing room most markets don't offer. Don't underprice.

Quick Facts

Area Type
Urban
Foot Traffic
Very Car-Dependent
Related Businesses
4
Bank Branches
7

vs. National Average

Median Income
+57% vs. $74,580
Walkability
-1.1 pts vs. national avg

Check Another Market

Or estimate costs with the ElderCareCost calculator.

Data sources

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