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Home ZIP 45405

Nursing Care Facilities Market: ZIP 45405

Opportunity Score
61 / 100 Good
Based on walkability, population density, income levels, and local business competition.

Market Summary

ZIP 45405 is an urban area with moderate foot traffic. with a population of 19,322 and household incomes below the national median ($41,901).

Area Profile

19,322
Population
$41,901
Median Income
-44% vs. national
Urban
Area Type
14.2/20
Foot Traffic
Very Car-Dependent
Median Age: 38.6 — mixed-age market, broad menu appeal.
College-Educated: 13.2% — value-focused market, keep prices competitive.

Competition

Nursing Care Facilities and related businesses in ZIP 45405.

6
Home Health Agencies
3.1 per 10K residents

Operating Costs

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

$930
2BR Fair Market Rent
$858
Median Gross Rent
$74 K
Median Home Value
4
Bank Branches
$190 K 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.
  • Median income sits at $41,901. Price sensitivity is real. Build your model around volume or keep overhead minimal.

Quick Facts

Area Type
Urban
Foot Traffic
Very Car-Dependent
Related Businesses
6
Bank Branches
4

vs. National Average

Median Income
-44% vs. $74,580
Walkability
+3.7 pts vs. national avg

Check Another Market

Or estimate costs with the ElderCareCost calculator.

Data sources

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