ElderCareCost
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Home ZIP 22150

Nursing Care Facilities Market: ZIP 22150

Opportunity Score
91 / 100 Excellent
Based on walkability, population density, income levels, and local business competition.

Market Summary

ZIP 22150 is an urban area with moderate foot traffic. with a population of 27,770 and household incomes well above the national median ($120,406).

Area Profile

27,770
Population
$120,406
Median Income
+61% vs. national
Urban
Area Type
14.1/20
Foot Traffic
Very Car-Dependent
Median Age: 40.9 — older demographic, may prefer sit-down options.
College-Educated: 31.6% — balanced market for quality & value.

Competition

Nursing Care Facilities and related businesses in ZIP 22150.

12
Home Health Agencies
4.3 per 10K residents

Operating Costs

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

$2,500
2BR Fair Market Rent
$2,631
Median Gross Rent
$620 K
Median Home Value
9
Bank Branches
$1.4 M deposits

Tips for Starting a Elder Care Business in Virginia

  • 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 $120,406. 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