Nursing Care Facilities Market: ZIP 23603
Opportunity Score
60
/ 100
Good
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 23603 is an urban area with low foot traffic. with a population of 3,428 and household incomes above the national median ($85,762).
Area Profile
3,428
Population
$85,762
Median Income
+15% vs. national
Urban
Area Type
7.2/20
Foot Traffic
Car-Dependent
Median Age: 36.3 —
mixed-age market, broad menu appeal.
College-Educated: 22.0% —
value-focused market, keep prices competitive.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,670
2BR Fair Market Rent
$1,430
Median Gross Rent
$250 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
- Foot Traffic
- Car-Dependent
vs. National Average
Median Income
+15% vs. $74,580
Walkability
-3.3 pts vs. national avg
Nearby Markets
23608
3.3 mi
Pop: 43,841
$67,556
Walk: 9.9
23690
3.8 mi
Pop: 4,948
$102,417
Walk: 5.7
23691
4.8 mi
Pop: 492
Walk: 7.8
23604
5.3 mi
Pop: 4,768
$73,472
Walk: 7.1
23602
6.2 mi
Pop: 42,699
$72,487
Walk: 8.7
23062
6.3 mi
Pop: 1,862
$49,637
23693
9.2 mi
Pop: 23,208
$116,528
Walk: 6.5
23606
9.3 mi
Pop: 29,899
$69,921
Walk: 11.1
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