Nursing Care Facilities Market: ZIP 70740
Opportunity Score
32
/ 100
Challenging
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 70740 is an urban area. with a population of 883 and household incomes near the national median ($65,179).
Area Profile
883
Population
$65,179
Median Income
-13% vs. national
Urban
Area Type
Median Age: 46.2 —
older demographic, may prefer sit-down options.
College-Educated: 9.1% —
value-focused market, keep prices competitive.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$990
2BR Fair Market Rent
$130 K
Median Home Value
1
Bank Branches
$16 K deposits
Tips for Starting a Elder Care Business in Louisiana
- 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
-13% vs. $74,580
Nearby Markets
70757
7.5 mi
Pop: 2,204
$41,477
70772
8.5 mi
Pop: 1,083
$78,871
Walk: 4.4
70719
9.9 mi
Pop: 4,317
$92,231
70764
10.5 mi
Pop: 15,046
$64,518
Walk: 8.9
70710
11.9 mi
Pop: 7,052
$105,635
70767
13.4 mi
Pop: 15,116
$71,964
Walk: 6.1
70820
16.4 mi
Pop: 22,397
$47,556
Walk: 6.4
70780
17.3 mi
Pop: 1,017
$108,341
Walk: 3.9
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