Nursing Care Facilities Market: ZIP 38841
Opportunity Score
47
/ 100
Fair
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 38841 is an rural area with low foot traffic. with a population of 4,057 and household incomes near the national median ($54,684).
Area Profile
4,057
Population
$54,684
Median Income
-27% vs. national
Rural
Area Type
2.5/20
Foot Traffic
Very Car-Dependent
Median Age: 31.3 —
mixed-age market, broad menu appeal.
College-Educated: 6.2% —
value-focused market, keep prices competitive.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$930
2BR Fair Market Rent
$841
Median Gross Rent
$180 K
Median Home Value
1
Bank Branches
$24 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.
- This is a rural ZIP. Your customer radius is wider, marketing costs are lower, but you'll work harder for each lead.
Quick Facts
- Area Type
- Rural
- Foot Traffic
- Very Car-Dependent
- Bank Branches
- 1
vs. National Average
Median Income
-27% vs. $74,580
Walkability
-8.0 pts vs. national avg
Nearby Markets
38863
9.1 mi
Pop: 18,849
$51,113
Walk: 5.5
38652
9.7 mi
Pop: 15,540
$54,321
Walk: 5.9
38828
12.0 mi
Pop: 4,532
$54,507
38826
12.4 mi
Pop: 5,711
$76,946
Walk: 5.1
38869
12.8 mi
Pop: 297
$61,563
Walk: 4.2
38871
12.8 mi
Pop: 2,154
$63,661
Walk: 3.1
38650
15.2 mi
Pop: 5,072
$70,794
38627
16.7 mi
Pop: 1,348
$69,732
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