Nursing Care Facilities Market: ZIP 22840
Opportunity Score
86
/ 100
Excellent
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 22840 is an urban area. with a population of 5,231 and household incomes above the national median ($93,580).
Area Profile
5,231
Population
$93,580
Median Income
+25% vs. national
Urban
Area Type
Median Age: 46.6 —
older demographic, may prefer sit-down options.
College-Educated: 33.0% —
balanced market for quality & value.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,980
2BR Fair Market Rent
$1,536
Median Gross Rent
$360 K
Median Home Value
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.
Quick Facts
- Area Type
- Urban
vs. National Average
Median Income
+25% vs. $74,580
Nearby Markets
22846
3.6 mi
Pop: 1,727
$110,987
Walk: 5.4
22832
4.6 mi
Pop: 952
$63,125
Walk: 4.0
24471
6.1 mi
Pop: 1,795
$103,100
Walk: 4.9
22827
8.9 mi
Pop: 10,357
$67,425
Walk: 4.8
22807
9.1 mi
Pop: 5,520
Walk: 14.7
22801
9.5 mi
Pop: 39,870
$70,779
Walk: 14.2
22802
10.8 mi
Pop: 29,370
$62,116
Walk: 14.9
22841
10.8 mi
Pop: 3,001
$75,978
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