Nursing Care Facilities Market: ZIP 57106
Opportunity Score
71
/ 100
Good
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 57106 is an urban area with moderate foot traffic. with a population of 51,780 and household incomes above the national median ($77,070).
Area Profile
51,780
Population
$77,070
Median Income
+3% vs. national
Urban
Area Type
12.3/20
Foot Traffic
Walkable
Median Age: 33.6 —
mixed-age market, broad menu appeal.
College-Educated: 22.2% —
value-focused market, keep prices competitive.
Competition
Nursing Care Facilities and related businesses in ZIP 57106.
5
Home Health Agencies
1.0 per 10K residents
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,060
2BR Fair Market Rent
$996
Median Gross Rent
$270 K
Median Home Value
15
Bank Branches
$1 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
- Walkable
- Related Businesses
- 5
- Bank Branches
- 15
vs. National Average
Median Income
+3% vs. $74,580
Walkability
+1.8 pts vs. national avg
Nearby Markets
57064
4.5 mi
Pop: 7,619
$104,351
57117
5.8 mi
Pop: 22
Walk: 13.6
57107
6.4 mi
Pop: 11,655
$76,719
Walk: 8.6
57197
6.8 mi
Pop: 559
Walk: 14.4
57105
7.0 mi
Pop: 22,764
$74,066
Walk: 14.6
57108
9.3 mi
Pop: 32,888
$96,184
Walk: 7.2
57103
10.1 mi
Pop: 35,282
$73,945
Walk: 13.1
57015
11.1 mi
Pop: 815
$95,114
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