Nursing Care Facilities Market: ZIP 24316
Opportunity Score
0
/ 100
Challenging
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 24316 is an rural area.
Area Profile
48
Population
Rural
Area Type
Median Age: 59.4 —
older demographic, may prefer sit-down options.
College-Educated: 0.0% —
value-focused market, keep prices competitive.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$900
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.
- This is a rural ZIP. Your customer radius is wider, marketing costs are lower, but you'll work harder for each lead.
Quick Facts
- Area Type
- Rural
Nearby Markets
24370
3.4 mi
Pop: 5,740
$49,309
Walk: 4.0
24377
7.6 mi
Pop: 572
24637
7.9 mi
Pop: 3,595
$53,900
24609
9.4 mi
Pop: 6,848
$50,145
Walk: 4.1
24354
12.8 mi
Pop: 12,984
$42,076
Walk: 6.2
24319
13.4 mi
Pop: 6,963
$49,140
24651
14.1 mi
Pop: 5,683
$45,964
Walk: 4.9
24641
14.2 mi
Pop: 5,417
$37,044
Walk: 6.0
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