Nursing Care Facilities Market: ZIP 50038
Opportunity Score
30
/ 100
Challenging
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 50038 is an urban area. with a population of 228 and household incomes above the national median ($79,479).
Area Profile
228
Population
$79,479
Median Income
+7% vs. national
Urban
Area Type
Median Age: 40.9 —
older demographic, may prefer sit-down options.
College-Educated: 13.6% —
value-focused market, keep prices competitive.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,100
2BR Fair Market Rent
Tips for Starting a Elder Care Business in Iowa
- 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
vs. National Average
Median Income
+7% vs. $74,580
Nearby Markets
50261
3.7 mi
Pop: 3,105
$150,341
50263
5.7 mi
Pop: 27,560
$107,864
Walk: 7.0
50266
6.6 mi
Pop: 36,770
$85,282
Walk: 13.1
50061
8.0 mi
Pop: 2,327
$130,250
50069
8.8 mi
Pop: 1,024
$95,208
50325
9.4 mi
Pop: 18,776
$131,082
Walk: 11.5
50323
9.6 mi
Pop: 17,065
$173,659
Walk: 6.6
50265
10.6 mi
Pop: 33,061
$84,588
Walk: 10.5
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