Nursing Care Facilities Market: ZIP 29516
Opportunity Score
20
/ 100
Challenging
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 29516 is an rural area. with a population of 823 and household incomes below the national median ($47,125).
Area Profile
823
Population
$47,125
Median Income
-37% vs. national
Rural
Area Type
Median Age: 28.5 —
young market, strong street food demand.
College-Educated: 2.7% —
value-focused market, keep prices competitive.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,140
2BR Fair Market Rent
$863
Median Gross Rent
Tips for Starting a Elder Care Business in South 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.
- 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
vs. National Average
Median Income
-37% vs. $74,580
Nearby Markets
29565
9.9 mi
Pop: 6,460
$41,589
Walk: 3.5
29525
10.8 mi
Pop: 1,822
$29,625
29594
13.9 mi
Pop: 140
Walk: 4.5
29512
14.1 mi
Pop: 17,408
$39,515
Walk: 6.8
29567
15.0 mi
Pop: 532
$28,750
Walk: 3.6
29536
16.8 mi
Pop: 15,825
$43,637
29540
16.8 mi
Pop: 3,596
$43,654
Walk: 6.2
29593
17.1 mi
Pop: 1,756
$39,688
Walk: 3.8
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