Nursing Care Facilities Market: ZIP 24054
Opportunity Score
66
/ 100
Good
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 24054 is an suburban area. with a population of 6,046 and household incomes near the national median ($57,668).
Area Profile
6,046
Population
$57,668
Median Income
-23% vs. national
Suburban
Area Type
Median Age: 46.3 —
older demographic, may prefer sit-down options.
College-Educated: 6.7% —
value-focused market, keep prices competitive.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$910
2BR Fair Market Rent
$898
Median Gross Rent
$120 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
- Suburban
vs. National Average
Median Income
-23% vs. $74,580
Nearby Markets
24069
8.4 mi
Pop: 1,508
$51,761
24112
10.2 mi
Pop: 30,862
$47,059
Walk: 6.8
24530
10.4 mi
Pop: 749
Walk: 3.1
27288
13.1 mi
Pop: 22,768
$53,081
Walk: 6.0
24148
13.8 mi
Pop: 8,528
$54,155
Walk: 4.9
24549
13.9 mi
Pop: 4,117
$54,819
Walk: 3.7
24541
14.6 mi
Pop: 28,151
$49,292
Walk: 7.0
24078
14.7 mi
Pop: 7,217
$51,579
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