Nursing Care Facilities Market: ZIP 58601
Opportunity Score
67
/ 100
Good
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 58601 is an suburban area with low foot traffic. with a population of 29,680 and household incomes above the national median ($81,008).
Area Profile
29,680
Population
$81,008
Median Income
+9% vs. national
Suburban
Area Type
8.9/20
Foot Traffic
Car-Dependent
Median Age: 34.1 —
mixed-age market, broad menu appeal.
College-Educated: 18.0% —
value-focused market, keep prices competitive.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,020
2BR Fair Market Rent
$968
Median Gross Rent
$270 K
Median Home Value
13
Bank Branches
$1.6 M deposits
Tips for Starting a Elder Care Business in North 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
- 13
vs. National Average
Median Income
+9% vs. $74,580
Walkability
-1.7 pts vs. national avg
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