Nursing Care Facilities Market: ZIP 21524
Opportunity Score
34
/ 100
Challenging
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 21524 is an suburban area. with a population of 732 and household incomes near the national median ($73,661).
Area Profile
732
Population
$73,661
Median Income
-1% vs. national
Suburban
Area Type
Median Age: 34.6 —
mixed-age market, broad menu appeal.
College-Educated: 10.7% —
value-focused market, keep prices competitive.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$980
2BR Fair Market Rent
$1,046
Median Gross Rent
$140 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
- Suburban
vs. National Average
Median Income
-1% vs. $74,580
Nearby Markets
21529
1.9 mi
Pop: 516
$34,167
15564
3.4 mi
Pop: 101
$49,375
21545
3.6 mi
Pop: 1,716
$59,551
Walk: 7.1
21502
5.5 mi
Pop: 41,810
$58,721
Walk: 13.4
26767
7.0 mi
Pop: 419
$101,477
Walk: 8.9
15545
7.4 mi
Pop: 2,673
$54,015
Walk: 4.8
26753
10.3 mi
Pop: 5,858
$76,445
Walk: 5.9
15538
11.1 mi
Pop: 751
$61,667
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