Nursing Care Facilities Market: ZIP 57104
Opportunity Score
68
/ 100
Good
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 57104 is an urban area with moderate foot traffic. with a population of 27,406 and household incomes near the national median ($59,161).
Area Profile
27,406
Population
$59,161
Median Income
-21% vs. national
Urban
Area Type
14.7/20
Foot Traffic
Very Car-Dependent
Median Age: 34.5 —
mixed-age market, broad menu appeal.
College-Educated: 17.4% —
value-focused market, keep prices competitive.
Competition
Nursing Care Facilities and related businesses in ZIP 57104.
6
Home Health Agencies
2.2 per 10K residents
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$940
2BR Fair Market Rent
$849
Median Gross Rent
$180 K
Median Home Value
24
Bank Branches
$300 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
- Urban
- Foot Traffic
- Very Car-Dependent
- Related Businesses
- 6
- Bank Branches
- 24
vs. National Average
Median Income
-21% vs. $74,580
Walkability
+4.2 pts vs. national avg
Nearby Markets
57103
4.6 mi
Pop: 35,282
$73,945
Walk: 13.1
57055
5.2 mi
Pop: 1,178
$104,531
Walk: 4.9
57197
5.9 mi
Pop: 559
Walk: 14.4
57117
6.1 mi
Pop: 22
Walk: 13.6
57105
6.1 mi
Pop: 22,764
$74,066
Walk: 14.6
57110
6.1 mi
Pop: 22,017
$87,114
Walk: 10.1
57107
7.8 mi
Pop: 11,655
$76,719
Walk: 8.6
57005
8.1 mi
Pop: 12,140
$108,689
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