Nursing Care Facilities Market: ZIP 38618
Opportunity Score
64
/ 100
Good
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 38618 is an urban area. with a population of 10,022 and household incomes near the national median ($54,128).
Area Profile
10,022
Population
$54,128
Median Income
-27% vs. national
Urban
Area Type
Median Age: 47.5 —
older demographic, may prefer sit-down options.
College-Educated: 9.1% —
value-focused market, keep prices competitive.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,170
2BR Fair Market Rent
$1,032
Median Gross Rent
$140 K
Median Home Value
2
Bank Branches
$79 K deposits
Tips for Starting a Elder Care Business in Mississippi
- 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
- 2
vs. National Average
Median Income
-27% vs. $74,580
Nearby Markets
38632
7.7 mi
Pop: 30,824
$90,277
38668
8.8 mi
Pop: 14,123
$67,675
Walk: 5.3
38651
13.0 mi
Pop: 8,491
$96,667
Walk: 3.4
38672
13.5 mi
Pop: 15,899
$110,665
Walk: 5.2
38619
15.9 mi
Pop: 5,531
$29,727
38654
17.2 mi
Pop: 57,334
$99,481
Walk: 5.8
38665
18.2 mi
Pop: 3,817
$68,168
38611
20.5 mi
Pop: 16,751
$54,198
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