Nursing Care Facilities Market: ZIP 35040
Opportunity Score
78
/ 100
Good
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 35040 is an urban area. with a population of 18,819 and household incomes above the national median ($80,267).
Area Profile
18,819
Population
$80,267
Median Income
+8% vs. national
Urban
Area Type
Median Age: 33.4 —
mixed-age market, broad menu appeal.
College-Educated: 21.9% —
value-focused market, keep prices competitive.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,640
2BR Fair Market Rent
$1,441
Median Gross Rent
$210 K
Median Home Value
4
Bank Branches
$440 K deposits
Tips for Starting a Elder Care Business in Alabama
- 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
- Bank Branches
- 4
vs. National Average
Median Income
+8% vs. $74,580
Nearby Markets
35085
8.8 mi
Pop: 8,786
$61,845
Walk: 3.0
35007
9.1 mi
Pop: 27,935
$86,994
Walk: 7.0
35115
11.6 mi
Pop: 16,911
$54,157
Walk: 5.9
35051
11.9 mi
Pop: 10,101
$73,682
Walk: 6.8
35143
12.0 mi
Pop: 2,966
$76,987
Walk: 5.6
35114
12.6 mi
Pop: 7,777
$96,335
Walk: 5.6
35043
15.0 mi
Pop: 15,068
$115,588
35124
15.1 mi
Pop: 24,871
$91,513
Walk: 6.6
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