Nursing Care Facilities Market: ZIP 23047
Opportunity Score
46
/ 100
Fair
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 23047 is an urban area. with a population of 1,457 and household incomes above the national median ($81,203).
Area Profile
1,457
Population
$81,203
Median Income
+9% vs. national
Urban
Area Type
Median Age: 59.6 —
older demographic, may prefer sit-down options.
College-Educated: 37.7% —
balanced market for quality & value.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,480
2BR Fair Market Rent
$1,180
Median Gross Rent
$420 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
+9% vs. $74,580
Nearby Markets
23005
5.9 mi
Pop: 19,454
$90,049
Walk: 7.3
22546
7.3 mi
Pop: 17,857
$89,097
Walk: 4.0
23069
10.8 mi
Pop: 3,389
$81,667
Walk: 3.6
23059
11.6 mi
Pop: 41,172
$153,719
Walk: 6.4
23015
12.2 mi
Pop: 4,384
$109,648
Walk: 3.1
23060
13.3 mi
Pop: 36,111
$106,685
Walk: 6.5
23192
13.5 mi
Pop: 6,445
$98,682
Walk: 4.4
23228
15.2 mi
Pop: 36,435
$65,650
Walk: 8.3
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