Nursing Care Facilities Market: ZIP 21738
Opportunity Score
96
/ 100
Excellent
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 21738 is an urban area. with a population of 3,668 and household incomes well above the national median ($230,429).
Area Profile
3,668
Population
$230,429
Median Income
+209% vs. national
Urban
Area Type
Median Age: 47.0 —
older demographic, may prefer sit-down options.
College-Educated: 49.6% —
strong appetite for artisan/specialty food.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$2,490
2BR Fair Market Rent
$890 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 $230,429. That gives you pricing room most markets don't offer. Don't underprice.
Quick Facts
- Area Type
- Urban
vs. National Average
Median Income
+209% vs. $74,580
Nearby Markets
21737
2.2 mi
Pop: 2,384
$250,001
Walk: 6.8
21036
3.4 mi
Pop: 2,162
$170,313
Walk: 7.2
21723
3.8 mi
Pop: 587
$250,001
21794
4.4 mi
Pop: 2,326
$223,833
Walk: 6.0
21797
4.6 mi
Pop: 8,772
$185,435
Walk: 5.9
20833
5.4 mi
Pop: 7,868
$203,631
Walk: 10.4
21029
6.5 mi
Pop: 13,783
$250,001
20862
6.9 mi
Pop: 393
$242,721
Walk: 7.2
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