ElderCareCost
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Home ZIP 45402

Nursing Care Facilities Market: ZIP 45402

Opportunity Score
58 / 100 Fair
Based on walkability, population density, income levels, and local business competition.

Market Summary

ZIP 45402 is an urban area. with a population of 9,964 and household incomes below the national median ($45,386).

Area Profile

9,964
Population
$45,386
Median Income
-39% vs. national
Urban
Area Type
Median Age: 35.9 — mixed-age market, broad menu appeal.
College-Educated: 20.7% — value-focused market, keep prices competitive.

Competition

Nursing Care Facilities and related businesses in ZIP 45402.

3
Home Health Agencies
3.0 per 10K residents

Operating Costs

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

$1,120
2BR Fair Market Rent
$921
Median Gross Rent
$110 K
Median Home Value
5
Bank Branches
$1.6 M deposits

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.

Data sources

U.S. Census Bureau (ACS, ZBP) · HUD Fair Market Rents · EPA Walkability Index · USDA RUCA · IRS SOI · FDIC Summary of Deposits