Nursing Care Facilities Market: ZIP 55797
Opportunity Score
50
/ 100
Fair
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 55797 is an urban area. with a population of 1,372 and household incomes above the national median ($88,203).
Area Profile
1,372
Population
$88,203
Median Income
+18% vs. national
Urban
Area Type
Median Age: 47.8 —
older demographic, may prefer sit-down options.
College-Educated: 17.2% —
value-focused market, keep prices competitive.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,300
2BR Fair Market Rent
$986
Median Gross Rent
$240 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
- Urban
vs. National Average
Median Income
+18% vs. $74,580
Nearby Markets
55718
9.4 mi
Pop: 3,068
$98,448
55733
10.2 mi
Pop: 5,180
$115,051
55749
10.4 mi
Pop: 539
$82,530
55808
11.6 mi
Pop: 5,325
$59,808
Walk: 11.6
54836
13.9 mi
Pop: 933
$80,469
55810
14.6 mi
Pop: 8,305
$81,894
Walk: 9.9
54880
16.2 mi
Pop: 30,211
$66,942
Walk: 13.2
55720
17.4 mi
Pop: 17,480
$66,399
Walk: 8.4
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