Nursing Care Facilities Market: ZIP 64840
Opportunity Score
64
/ 100
Good
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 64840 is an urban area. with a population of 3,566 and household incomes near the national median ($65,912).
Area Profile
3,566
Population
$65,912
Median Income
-12% vs. national
Urban
Area Type
Median Age: 39.8 —
mixed-age market, broad menu appeal.
College-Educated: 15.8% —
value-focused market, keep prices competitive.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$850
2BR Fair Market Rent
$715
Median Gross Rent
$220 K
Median Home Value
1
Bank Branches
$18 K deposits
Tips for Starting a Elder Care Business in Missouri
- 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
- Bank Branches
- 1
vs. National Average
Median Income
-12% vs. $74,580
Nearby Markets
64841
6.2 mi
Pop: 1,326
$54,286
Walk: 5.9
64844
10.4 mi
Pop: 4,131
$56,944
64835
11.0 mi
Pop: 1,978
$55,099
64804
11.6 mi
Pop: 36,995
$62,081
Walk: 9.1
64850
11.7 mi
Pop: 25,355
$60,945
Walk: 8.0
64801
12.2 mi
Pop: 36,398
$51,360
Walk: 10.4
64836
12.5 mi
Pop: 25,727
$58,775
Walk: 7.2
64870
14.6 mi
Pop: 16,360
$64,619
Walk: 7.9
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