ElderCareCost
Showing results for ZIP 50028 (IA)
Home ZIP 35763

Nursing Care Facilities Market: ZIP 35763

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

Market Summary

ZIP 35763 is an urban area. with a population of 19,505 and household incomes well above the national median ($125,356).

Area Profile

19,505
Population
$125,356
Median Income
+68% vs. national
Urban
Area Type
Median Age: 40.8 — older demographic, may prefer sit-down options.
College-Educated: 39.1% — balanced market for quality & value.

Operating Costs

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

$1,870
2BR Fair Market Rent
$2,455
Median Gross Rent
$370 K
Median Home Value
5
Bank Branches
$250 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.
  • The median income here is $125,356. 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