Nursing Care Facilities Market: ZIP 27704
Opportunity Score
61
/ 100
Good
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 27704 is an urban area with low foot traffic. with a population of 41,346 and household incomes near the national median ($62,435).
Area Profile
41,346
Population
$62,435
Median Income
-16% vs. national
Urban
Area Type
9.7/20
Foot Traffic
Very Car-Dependent
Median Age: 35.8 —
mixed-age market, broad menu appeal.
College-Educated: 22.4% —
value-focused market, keep prices competitive.
Competition
Nursing Care Facilities and related businesses in ZIP 27704.
8
Home Health Agencies
1.9 per 10K residents
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,760
2BR Fair Market Rent
$1,306
Median Gross Rent
$270 K
Median Home Value
7
Bank Branches
$740 K deposits
Tips for Starting a Elder Care Business in North Carolina
- 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
- Very Car-Dependent
- Related Businesses
- 8
- Bank Branches
- 7
vs. National Average
Median Income
-16% vs. $74,580
Walkability
-0.8 pts vs. national avg
Nearby Markets
27701
5.6 mi
Pop: 24,881
$66,852
Walk: 14.5
27703
5.8 mi
Pop: 62,994
$86,953
Walk: 12.1
27712
6.4 mi
Pop: 23,541
$91,190
Walk: 5.3
27509
7.2 mi
Pop: 7,838
$70,886
Walk: 6.2
27708
8.4 mi
Pop: 3,185
Walk: 13.8
27503
8.5 mi
Pop: 5,092
$107,173
27709
8.8 mi
Pop: 0
27617
10.0 mi
Pop: 20,012
$109,991
Walk: 9.2
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