ElderCareCost
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Home ZIP 24592

Nursing Care Facilities Market: ZIP 24592

Opportunity Score
51 / 100 Fair
Based on walkability, population density, income levels, and local business competition.

Market Summary

ZIP 24592 is an rural area with low foot traffic. with a population of 14,411 and household incomes below the national median ($48,655).

Area Profile

14,411
Population
$48,655
Median Income
-35% vs. national
Rural
Area Type
6.5/20
Foot Traffic
Car-Dependent
Median Age: 44.3 — older demographic, may prefer sit-down options.
College-Educated: 13.4% — value-focused market, keep prices competitive.

Competition

Nursing Care Facilities and related businesses in ZIP 24592.

4
Home Health Agencies
2.8 per 10K residents

Operating Costs

Local cost levels affect space, labor, and operating expenses.

$850
2BR Fair Market Rent
$759
Median Gross Rent
$160 K
Median Home Value
7
Bank Branches
$730 K 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.
  • 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
Foot Traffic
Car-Dependent
Related Businesses
4
Bank Branches
7

vs. National Average

Median Income
-35% vs. $74,580
Walkability
-4.1 pts vs. national avg

Check Another Market

Or estimate costs with the ElderCareCost calculator.

Data sources

U.S. Census Bureau (ACS, ZBP) · HUD Fair Market Rents · EPA Walkability Index · USDA RUCA · IRS SOI · FDIC Summary of Deposits