Nursing Care Facilities Market: ZIP 55327
Opportunity Score
100
/ 100
Excellent
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 55327 is an urban area. with a population of 5,542 and household incomes well above the national median ($133,721).
Area Profile
5,542
Population
$133,721
Median Income
+79% vs. national
Urban
Area Type
Median Age: 46.7 —
older demographic, may prefer sit-down options.
College-Educated: 27.4% —
balanced market for quality & value.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,680
2BR Fair Market Rent
$1,346
Median Gross Rent
$490 K
Median Home Value
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.
- The median income here is $133,721. That gives you pricing room most markets don't offer. Don't underprice.
Quick Facts
- Area Type
- Urban
vs. National Average
Median Income
+79% vs. $74,580
Nearby Markets
55369
5.5 mi
Pop: 38,711
$112,541
Walk: 7.8
55316
6.1 mi
Pop: 23,450
$115,719
Walk: 11.4
55303
6.3 mi
Pop: 52,121
$101,351
Walk: 9.7
55311
7.0 mi
Pop: 37,873
$148,122
Walk: 8.7
55374
7.6 mi
Pop: 15,812
$152,239
Walk: 5.1
55445
8.4 mi
Pop: 13,538
$103,227
Walk: 12.3
55443
10.7 mi
Pop: 33,318
$88,220
Walk: 9.4
55433
11.0 mi
Pop: 34,423
$80,213
Walk: 11.6
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