ElderCareCost
Showing results for ZIP 23955 (VA)
Home ZIP 39202

Nursing Care Facilities Market: ZIP 39202

Opportunity Score
64 / 100 Good
Based on walkability, population density, income levels, and local business competition.

Market Summary

ZIP 39202 is an urban area with high foot traffic. with a population of 7,023 and household incomes below the national median ($41,250).

Area Profile

7,023
Population
$41,250
Median Income
-45% vs. national
Urban
Area Type
16.2/20
Foot Traffic
Very Walkable
Median Age: 34.0 — mixed-age market, broad menu appeal.
College-Educated: 28.8% — balanced market for quality & value.

Operating Costs

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

$1,060
2BR Fair Market Rent
$876
Median Gross Rent
$210 K
Median Home Value
1
Bank Branches
$57 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.
  • Median income sits at $41,250. Price sensitivity is real. Build your model around volume or keep overhead minimal.

Data sources

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