ElderCareCost
Showing results for ZIP 98923 (WA)
Home ZIP 31204

Nursing Care Facilities Market: ZIP 31204

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

Market Summary

ZIP 31204 is an urban area with low foot traffic. with a population of 32,730 and household incomes below the national median ($38,478).

Area Profile

32,730
Population
$38,478
Median Income
-48% vs. national
Urban
Area Type
8.6/20
Foot Traffic
Car-Dependent
Median Age: 34.2 — mixed-age market, broad menu appeal.
College-Educated: 14.4% — value-focused market, keep prices competitive.

Competition

Nursing Care Facilities and related businesses in ZIP 31204.

6
Home Health Agencies
1.8 per 10K residents

Operating Costs

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

$1,100
2BR Fair Market Rent
$917
Median Gross Rent
$120 K
Median Home Value
6
Bank Branches
$570 K deposits

Tips for Starting a Elder Care Business in Georgia

  • 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.
  • Median income sits at $38,478. Price sensitivity is real. Build your model around volume or keep overhead minimal.

Quick Facts

Area Type
Urban
Foot Traffic
Car-Dependent
Related Businesses
6
Bank Branches
6

vs. National Average

Median Income
-48% vs. $74,580
Walkability
-1.9 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