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Nursing Care Facilities Market: ZIP 40502

Opportunity Score

67 / 100 Good

Based on walkability, population density, income levels, and local business competition.

Market Summary

ZIP 40502 is an urban area with moderate foot traffic. with a population of 26,593 and household incomes near the national median ($73,939).

26,593

Population

$73,939

Median Income

-1% vs. national

Urban

Area Type

10.7/20

Foot Traffic

Walkable

Median Age: 39.5 — mixed-age market, broad menu appeal.

College-Educated: 45.7% — strong appetite for artisan/specialty food.

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

$1,190

2BR Fair Market Rent

$1,068

Median Gross Rent

$480 K

Median Home Value

Bank Branches

$1.1 M deposits

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.