Nursing Care Facilities Market: ZIP 55130
Opportunity Score
65
/ 100
Good
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 55130 is an urban area with moderate foot traffic. with a population of 18,634 and household incomes near the national median ($53,281).
Area Profile
18,634
Population
$53,281
Median Income
-29% vs. national
Urban
Area Type
14.3/20
Foot Traffic
Very Car-Dependent
Median Age: 29.0 —
young market, strong street food demand.
College-Educated: 12.1% —
value-focused market, keep prices competitive.
Competition
Nursing Care Facilities and related businesses in ZIP 55130.
7
Home Health Agencies
3.8 per 10K residents
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,460
2BR Fair Market Rent
$1,151
Median Gross Rent
$220 K
Median Home Value
1
Bank Branches
$110 K deposits
Tips for Starting a Elder Care Business in Minnesota
- 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
- Foot Traffic
- Very Car-Dependent
- Related Businesses
- 7
- Bank Branches
- 1
vs. National Average
Median Income
-29% vs. $74,580
Walkability
+3.8 pts vs. national avg
Nearby Markets
55101
1.6 mi
Pop: 7,937
$72,703
55155
1.9 mi
Pop: 0
Walk: 13.9
55117
2.2 mi
Pop: 44,095
$71,784
Walk: 13.7
55106
2.7 mi
Pop: 56,969
$68,601
Walk: 13.7
55103
2.8 mi
Pop: 13,892
$47,872
Walk: 16.0
55107
2.9 mi
Pop: 15,533
$78,125
Walk: 15.7
55102
3.9 mi
Pop: 19,565
$74,143
Walk: 16.7
55109
4.9 mi
Pop: 34,266
$81,759
Walk: 14.0
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