Nursing Care Facilities Market: ZIP 73531
Opportunity Score
30
/ 100
Challenging
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 73531 is an urban area. with a population of 372 and household incomes above the national median ($75,625).
Area Profile
372
Population
$75,625
Median Income
+1% vs. national
Urban
Area Type
Median Age: 50.5 —
older demographic, may prefer sit-down options.
College-Educated: 20.2% —
value-focused market, keep prices competitive.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$940
2BR Fair Market Rent
$683
Median Gross Rent
$160 K
Median Home Value
Tips for Starting a Elder Care Business in Oklahoma
- 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
vs. National Average
Median Income
+1% vs. $74,580
Nearby Markets
73562
9.0 mi
Pop: 605
$106,250
76354
9.9 mi
Pop: 11,822
$68,614
Walk: 5.2
73546
13.6 mi
Pop: 1,159
$37,813
73553
15.1 mi
Pop: 12
$70,833
Walk: 5.5
76305
16.3 mi
Pop: 4,929
$78,973
Walk: 4.4
73528
16.5 mi
Pop: 605
$67,188
73572
18.5 mi
Pop: 3,194
$57,500
Walk: 4.7
76377
22.6 mi
Pop: 470
$62,679
Walk: 3.0
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