ElderCareCost
Showing results for ZIP 39423 (MS)
Home ZIP 55744

Nursing Care Facilities Market: ZIP 55744

Opportunity Score
57 / 100 Fair
Based on walkability, population density, income levels, and local business competition.

Market Summary

ZIP 55744 is an suburban area with low foot traffic. with a population of 20,469 and household incomes near the national median ($68,213).

Area Profile

20,469
Population
$68,213
Median Income
-9% vs. national
Suburban
Area Type
5.5/20
Foot Traffic
Very Car-Dependent
Median Age: 47.3 — older demographic, may prefer sit-down options.
College-Educated: 22.2% — value-focused market, keep prices competitive.

Competition

Nursing Care Facilities and related businesses in ZIP 55744.

6
Home Health Agencies
2.9 per 10K residents

Operating Costs

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

$1,050
2BR Fair Market Rent
$1,014
Median Gross Rent
$230 K
Median Home Value
10
Bank Branches
$670 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
Suburban
Foot Traffic
Very Car-Dependent
Related Businesses
6
Bank Branches
10

vs. National Average

Median Income
-9% vs. $74,580
Walkability
-5.0 pts vs. national avg

Check Another Market

Or estimate costs with the ElderCareCost calculator.

Data sources

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