ElderCareCost
Showing results for ZIP 22485 (VA)
Home ZIP 53204

Nursing Care Facilities Market: ZIP 53204

Opportunity Score
64 / 100 Good
Based on walkability, population density, income levels, and local business competition.

Market Summary

ZIP 53204 is an urban area with high foot traffic. with a population of 40,008 and household incomes below the national median ($43,645).

Area Profile

40,008
Population
$43,645
Median Income
-41% vs. national
Urban
Area Type
15.2/20
Foot Traffic
Very Walkable
Median Age: 29.1 — young market, strong street food demand.
College-Educated: 8.2% — value-focused market, keep prices competitive.

Competition

Nursing Care Facilities and related businesses in ZIP 53204.

6
Home Health Agencies
1.5 per 10K residents

Operating Costs

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

$1,060
2BR Fair Market Rent
$964
Median Gross Rent
$110 K
Median Home Value
9
Bank Branches
$390 K deposits

Tips for Starting a Elder Care Business in Wisconsin

  • 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 $43,645. Price sensitivity is real. Build your model around volume or keep overhead minimal.

Data sources

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