Nursing Care Facilities Market: ZIP 43505
Opportunity Score
26
/ 100
Challenging
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 43505 is an rural area. with a population of 143 and household incomes near the national median ($72,273).
Area Profile
143
Population
$72,273
Median Income
-3% vs. national
Rural
Area Type
Median Age: 33.3 —
mixed-age market, broad menu appeal.
College-Educated: 22.4% —
value-focused market, keep prices competitive.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,050
2BR Fair Market Rent
$220 K
Median Home Value
Tips for Starting a Elder Care Business in Ohio
- 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.
- This is a rural ZIP. Your customer radius is wider, marketing costs are lower, but you'll work harder for each lead.
Quick Facts
- Area Type
- Rural
vs. National Average
Median Income
-3% vs. $74,580
Nearby Markets
43518
5.3 mi
Pop: 3,003
$88,910
Walk: 6.2
43517
6.2 mi
Pop: 3,438
$51,591
Walk: 5.2
43543
8.2 mi
Pop: 7,476
$60,685
Walk: 6.2
46742
10.4 mi
Pop: 3,126
$77,037
43520
11.9 mi
Pop: 23
46721
12.0 mi
Pop: 4,890
$67,969
Walk: 6.2
43506
12.6 mi
Pop: 14,691
$60,705
Walk: 9.2
43526
14.6 mi
Pop: 6,270
$66,688
Walk: 6.5
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