Nursing Care Facilities Market: ZIP 40067
Opportunity Score
86
/ 100
Excellent
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 40067 is an urban area. with a population of 6,253 and household incomes above the national median ($93,899).
Area Profile
6,253
Population
$93,899
Median Income
+26% vs. national
Urban
Area Type
Median Age: 39.1 —
mixed-age market, broad menu appeal.
College-Educated: 27.5% —
balanced market for quality & value.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,520
2BR Fair Market Rent
$813
Median Gross Rent
$340 K
Median Home Value
2
Bank Branches
$82 K deposits
Tips for Starting a Elder Care Business in Kentucky
- 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
+26% vs. $74,580
Nearby Markets
40022
5.6 mi
Pop: 801
$85,833
40023
5.9 mi
Pop: 6,484
$135,863
40245
6.1 mi
Pop: 39,261
$120,171
Walk: 6.3
40014
9.0 mi
Pop: 23,039
$118,750
40056
9.9 mi
Pop: 3,361
$123,317
Walk: 5.7
40065
11.0 mi
Pop: 31,763
$76,813
Walk: 7.7
40243
11.4 mi
Pop: 12,049
$75,859
Walk: 11.8
40299
11.6 mi
Pop: 41,724
$85,419
Walk: 9.0
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