ElderCareCost
Showing results for ZIP 98353 (WA)
Home ZIP 38558

Nursing Care Facilities Market: ZIP 38558

Opportunity Score
76 / 100 Good
Based on walkability, population density, income levels, and local business competition.

Market Summary

ZIP 38558 is an rural area. with a population of 9,270 and household incomes above the national median ($75,000).

Area Profile

9,270
Population
$75,000
Median Income
+1% vs. national
Rural
Area Type
Median Age: 69.9 — older demographic, may prefer sit-down options.
College-Educated: 30.8% — balanced market for quality & value.

Operating Costs

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

$1,330
2BR Fair Market Rent
$1,365
Median Gross Rent
$320 K
Median Home Value
3
Bank Branches
$260 K deposits

Tips for Starting a Elder Care Business in Tennessee

  • 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.

Data sources

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