ElderCareCost
Showing results for ZIP 98122 (WA)
Home ZIP 35242

Nursing Care Facilities Market: ZIP 35242

Opportunity Score
77 / 100 Good
Based on walkability, population density, income levels, and local business competition.

Market Summary

ZIP 35242 is an urban area with low foot traffic. with a population of 56,956 and household incomes well above the national median ($116,053).

Area Profile

56,956
Population
$116,053
Median Income
+56% vs. national
Urban
Area Type
7.1/20
Foot Traffic
Car-Dependent
Median Age: 42.9 — older demographic, may prefer sit-down options.
College-Educated: 46.2% — strong appetite for artisan/specialty food.

Competition

Nursing Care Facilities and related businesses in ZIP 35242.

10
Home Health Agencies
1.8 per 10K residents

Operating Costs

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

$1,690
2BR Fair Market Rent
$1,430
Median Gross Rent
$450 K
Median Home Value
17
Bank Branches
$1.7 M 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.
  • The median income here is $116,053. That gives you pricing room most markets don't offer. Don't underprice.

Data sources

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