Nursing Care Facilities Market: ZIP 23304
Opportunity Score
0
/ 100
Challenging
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 23304 is an urban area.
Area Profile
11
Population
Urban
Area Type
College-Educated: 100.0% —
strong appetite for artisan/specialty food.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,650
2BR Fair Market Rent
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
Nearby Markets
23314
4.2 mi
Pop: 9,795
$110,827
23430
6.1 mi
Pop: 19,057
$103,580
Walk: 7.1
23606
6.1 mi
Pop: 29,899
$69,921
Walk: 11.1
23601
7.0 mi
Pop: 26,557
$71,345
Walk: 12.7
23433
8.2 mi
Pop: 1,424
$151,500
23436
8.4 mi
Pop: 873
$194,531
Walk: 5.8
23604
8.6 mi
Pop: 4,768
$73,472
Walk: 7.1
23602
8.9 mi
Pop: 42,699
$72,487
Walk: 8.7
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