Nursing Care Facilities Market: ZIP 40209
Opportunity Score
20
/ 100
Challenging
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 40209 is an urban area. with a population of 571 and household incomes near the national median ($52,697).
Area Profile
571
Population
$52,697
Median Income
-29% vs. national
Urban
Area Type
Median Age: 39.0 —
mixed-age market, broad menu appeal.
College-Educated: 4.0% —
value-focused market, keep prices competitive.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,210
2BR Fair Market Rent
$1,083
Median Gross Rent
$130 K
Median Home Value
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
vs. National Average
Median Income
-29% vs. $74,580
Nearby Markets
40221
1.3 mi
Pop: 0
Walk: 3.2
40213
1.3 mi
Pop: 15,805
$60,734
Walk: 14.0
40217
2.4 mi
Pop: 11,831
$68,573
Walk: 14.8
40231
2.9 mi
Pop: 0
Walk: 10.8
40208
3.2 mi
Pop: 15,287
$37,714
Walk: 14.1
40215
3.5 mi
Pop: 19,444
$42,762
Walk: 13.8
40214
3.9 mi
Pop: 45,986
$53,563
Walk: 11.0
40204
4.0 mi
Pop: 14,018
$70,706
Walk: 17.4
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