Nursing Care Facilities Market: ZIP 55449
Opportunity Score
80
/ 100
Excellent
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 55449 is an urban area with low foot traffic. with a population of 33,367 and household incomes well above the national median ($128,750).
Area Profile
33,367
Population
$128,750
Median Income
+73% vs. national
Urban
Area Type
7.9/20
Foot Traffic
Car-Dependent
Median Age: 37.6 —
mixed-age market, broad menu appeal.
College-Educated: 30.5% —
balanced market for quality & value.
Competition
Nursing Care Facilities and related businesses in ZIP 55449.
5
Home Health Agencies
1.5 per 10K residents
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$2,210
2BR Fair Market Rent
$1,723
Median Gross Rent
$420 K
Median Home Value
8
Bank Branches
$820 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 $128,750. That gives you pricing room most markets don't offer. Don't underprice.
Quick Facts
- Area Type
- Urban
- Foot Traffic
- Car-Dependent
- Related Businesses
- 5
- Bank Branches
- 8
vs. National Average
Median Income
+73% vs. $74,580
Walkability
-2.7 pts vs. national avg
Nearby Markets
55014
4.2 mi
Pop: 28,975
$98,952
Walk: 6.9
55434
4.6 mi
Pop: 33,133
$88,163
Walk: 11.9
55112
6.6 mi
Pop: 45,680
$93,823
Walk: 13.2
55304
7.1 mi
Pop: 49,452
$127,145
Walk: 6.0
55126
7.1 mi
Pop: 27,484
$109,017
Walk: 8.6
55432
7.3 mi
Pop: 32,935
$77,985
Walk: 12.1
55448
8.1 mi
Pop: 28,925
$95,610
Walk: 8.7
55433
9.1 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