ElderCareCost
Showing results for ZIP 59643 (MT)
Home ZIP 23219

Nursing Care Facilities Market: ZIP 23219

Opportunity Score
66 / 100 Good
Based on walkability, population density, income levels, and local business competition.

Market Summary

ZIP 23219 is an urban area. with a population of 3,856 and household incomes near the national median ($62,533).

Area Profile

3,856
Population
$62,533
Median Income
-16% vs. national
Urban
Area Type
Median Age: 31.9 — mixed-age market, broad menu appeal.
College-Educated: 49.0% — strong appetite for artisan/specialty food.

Competition

Nursing Care Facilities and related businesses in ZIP 23219.

5
Home Health Agencies
13.0 per 10K residents

Operating Costs

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

$1,760
2BR Fair Market Rent
$1,439
Median Gross Rent
$290 K
Median Home Value
10
Bank Branches
$30 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.

Data sources

U.S. Census Bureau (ACS, ZBP) · HUD Fair Market Rents · EPA Walkability Index · USDA RUCA · IRS SOI · FDIC Summary of Deposits