ElderCareCost
Showing results for ZIP 78242 (TX)
Home ZIP 74033

Nursing Care Facilities Market: ZIP 74033

Opportunity Score
76 / 100 Good
Based on walkability, population density, income levels, and local business competition.

Market Summary

ZIP 74033 is an urban area. with a population of 13,371 and household incomes above the national median ($77,306).

Area Profile

13,371
Population
$77,306
Median Income
+4% vs. national
Urban
Area Type
Median Age: 34.3 — 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.

$1,440
2BR Fair Market Rent
$1,292
Median Gross Rent
$190 K
Median Home Value
3
Bank Branches
$120 K deposits

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.

Data sources

U.S. Census Bureau (ACS, ZBP) · HUD Fair Market Rents · EPA Walkability Index · USDA RUCA · IRS SOI · FDIC Summary of Deposits