Nursing Care Facilities Market: ZIP 24011
Opportunity Score
24
/ 100
Challenging
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 24011 is an urban area. with a population of 789 and household incomes near the national median ($55,882).
Area Profile
789
Population
$55,882
Median Income
-25% vs. national
Urban
Area Type
Median Age: 30.5 —
mixed-age market, broad menu appeal.
College-Educated: 57.4% —
strong appetite for artisan/specialty food.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,200
2BR Fair Market Rent
$1,091
Median Gross Rent
$840 K
Median Home Value
6
Bank Branches
$2.3 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.
Quick Facts
- Area Type
- Urban
- Bank Branches
- 6
vs. National Average
Median Income
-25% vs. $74,580
Nearby Markets
24022
0.7 mi
Pop: 0
24016
0.9 mi
Pop: 9,828
$43,727
Walk: 14.9
24013
1.4 mi
Pop: 7,685
$53,070
Walk: 13.8
24015
3.0 mi
Pop: 15,761
$69,840
Walk: 13.3
24014
3.7 mi
Pop: 15,443
$65,089
Walk: 12.6
24017
3.9 mi
Pop: 24,565
$45,954
Walk: 12.4
24012
4.5 mi
Pop: 28,734
$51,002
Walk: 14.1
24019
5.2 mi
Pop: 28,615
$75,329
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