Nursing Care Facilities Market: ZIP 55758
Opportunity Score
16
/ 100
Challenging
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 55758 is an suburban area. with a population of 161 and household incomes near the national median ($53,750).
Area Profile
161
Population
$53,750
Median Income
-28% vs. national
Suburban
Area Type
Median Age: 41.8 —
older demographic, may prefer sit-down options.
College-Educated: 11.8% —
value-focused market, keep prices competitive.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,050
2BR Fair Market Rent
$110 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.
Quick Facts
- Area Type
- Suburban
vs. National Average
Median Income
-28% vs. $74,580
Nearby Markets
55713
3.3 mi
Pop: 1,048
$58,424
55768
4.7 mi
Pop: 2,791
$82,261
Walk: 4.2
55751
8.7 mi
Pop: 1,364
$72,969
55710
10.0 mi
Pop: 1,391
$76,694
55719
10.1 mi
Pop: 5,642
$63,497
Walk: 8.1
55734
17.4 mi
Pop: 6,332
$65,750
Walk: 8.6
55792
17.7 mi
Pop: 9,848
$50,616
Walk: 8.0
55746
20.0 mi
Pop: 16,815
$55,694
Walk: 8.0
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