Nursing Care Facilities Market: ZIP 42223
Opportunity Score
56
/ 100
Fair
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 42223 is an urban area with low foot traffic. with a population of 19,261 and household incomes near the national median ($64,525).
Area Profile
19,261
Population
$64,525
Median Income
-13% vs. national
Urban
Area Type
5.8/20
Foot Traffic
Very Car-Dependent
Median Age: 22.2 —
young market, strong street food demand.
College-Educated: 7.7% —
value-focused market, keep prices competitive.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,430
2BR Fair Market Rent
$1,553
Median Gross Rent
$270 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
-13% vs. $74,580
Walkability
-4.7 pts vs. national avg
Nearby Markets
42262
3.9 mi
Pop: 9,646
$49,898
Walk: 4.8
37042
6.4 mi
Pop: 85,169
$66,435
Walk: 6.3
37191
10.0 mi
Pop: 3,998
$97,174
42266
10.8 mi
Pop: 3,203
$68,068
Walk: 3.4
42236
10.9 mi
Pop: 853
$70,893
42254
11.9 mi
Pop: 176
$50,833
37040
12.9 mi
Pop: 62,137
$65,331
Walk: 7.4
42286
15.3 mi
Pop: 2,143
$66,897
Walk: 4.3
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