Nursing Care Facilities Market: ZIP 42170
Opportunity Score
33
/ 100
Challenging
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 42170 is an urban area with low foot traffic. with a population of 1,506 and household incomes near the national median ($61,981).
Area Profile
1,506
Population
$61,981
Median Income
-17% vs. national
Urban
Area Type
5.4/20
Foot Traffic
Very Car-Dependent
Median Age: 34.0 —
mixed-age market, broad menu appeal.
College-Educated: 10.4% —
value-focused market, keep prices competitive.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,060
2BR Fair Market Rent
$1,143
Median Gross Rent
$310 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
- Foot Traffic
- Very Car-Dependent
vs. National Average
Median Income
-17% vs. $74,580
Walkability
-5.1 pts vs. national avg
Nearby Markets
42274
6.8 mi
Pop: 2,668
$80,823
Walk: 4.3
42104
8.3 mi
Pop: 41,273
$73,975
Walk: 8.3
42134
9.0 mi
Pop: 19,117
$55,347
42206
12.1 mi
Pop: 5,675
$65,630
Walk: 6.1
42122
14.9 mi
Pop: 5,362
$106,919
Walk: 5.5
42101
15.7 mi
Pop: 63,290
$49,045
Walk: 8.5
42103
18.5 mi
Pop: 21,927
$84,624
Walk: 7.0
42202
22.4 mi
Pop: 1,736
$64,375
Check Another Market
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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