Nursing Care Facilities Market: ZIP 57006
Opportunity Score
59
/ 100
Fair
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 57006 is an suburban area with low foot traffic. with a population of 23,838 and household incomes near the national median ($64,818).
Area Profile
23,838
Population
$64,818
Median Income
-13% vs. national
Suburban
Area Type
7.5/20
Foot Traffic
Car-Dependent
Median Age: 28.3 —
young market, strong street food demand.
College-Educated: 27.3% —
balanced market for quality & value.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$920
2BR Fair Market Rent
$864
Median Gross Rent
$250 K
Median Home Value
9
Bank Branches
$2 M deposits
Tips for Starting a Elder Care Business in South Dakota
- 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
- Car-Dependent
- Bank Branches
- 9
vs. National Average
Median Income
-13% vs. $74,580
Walkability
-3.0 pts vs. national avg
Nearby Markets
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