Nursing Care Facilities Market: ZIP 55436
Opportunity Score
81
/ 100
Excellent
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 55436 is an urban area with low foot traffic. with a population of 14,573 and household incomes well above the national median ($132,487).
Area Profile
14,573
Population
$132,487
Median Income
+78% vs. national
Urban
Area Type
9.1/20
Foot Traffic
Very Car-Dependent
Median Age: 47.0 —
older demographic, may prefer sit-down options.
College-Educated: 51.8% —
strong appetite for artisan/specialty food.
Competition
Nursing Care Facilities and related businesses in ZIP 55436.
3
Home Health Agencies
2.1 per 10K residents
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$2,010
2BR Fair Market Rent
$1,855
Median Gross Rent
$600 K
Median Home Value
1
Bank Branches
$390 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.
- The median income here is $132,487. That gives you pricing room most markets don't offer. Don't underprice.
Quick Facts
- Area Type
- Urban
- Foot Traffic
- Very Car-Dependent
- Related Businesses
- 3
- Bank Branches
- 1
vs. National Average
Median Income
+78% vs. $74,580
Walkability
-1.4 pts vs. national avg
Nearby Markets
55424
2.1 mi
Pop: 10,373
$241,875
Walk: 12.3
55439
2.3 mi
Pop: 9,475
$173,925
Walk: 7.7
55343
2.9 mi
Pop: 26,482
$82,415
Walk: 12.2
55426
3.4 mi
Pop: 25,451
$96,887
Walk: 13.5
55435
3.6 mi
Pop: 13,698
$75,829
Walk: 14.0
55416
3.7 mi
Pop: 34,905
$105,926
Walk: 15.0
55410
4.0 mi
Pop: 20,361
$144,973
Walk: 14.4
55344
4.8 mi
Pop: 14,180
$89,590
Walk: 9.9
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