ElderCareCost
Showing results for ZIP 40855 (KY)
Home ZIP 39328

Nursing Care Facilities Market: ZIP 39328

Opportunity Score
50 / 100 Fair
Based on walkability, population density, income levels, and local business competition.

Market Summary

ZIP 39328 is an suburban area. with a population of 4,836 and household incomes below the national median ($30,887).

Area Profile

4,836
Population
$30,887
Median Income
-59% vs. national
Suburban
Area Type
Median Age: 45.0 — older demographic, may prefer sit-down options.
College-Educated: 10.6% — value-focused market, keep prices competitive.

Operating Costs

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

$1,000
2BR Fair Market Rent
$412
Median Gross Rent
$79 K
Median Home Value
2
Bank Branches
$130 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 $30,887. 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