ElderCareCost
Showing results for ZIP 56331 (MN)
Home ZIP 76366

Nursing Care Facilities Market: ZIP 76366

Opportunity Score
33 / 100 Challenging
Based on walkability, population density, income levels, and local business competition.

Market Summary

ZIP 76366 is an urban area with low foot traffic. with a population of 2,096 and household incomes near the national median ($51,534).

Area Profile

2,096
Population
$51,534
Median Income
-31% vs. national
Urban
Area Type
5.2/20
Foot Traffic
Very Car-Dependent
Median Age: 35.9 — mixed-age market, broad menu appeal.
College-Educated: 15.3% — value-focused market, keep prices competitive.

Operating Costs

Local cost levels affect space, labor, and operating expenses.

$1,020
2BR Fair Market Rent
$771
Median Gross Rent
$150 K
Median Home Value
1
Bank Branches
$27 K deposits

Tips for Starting a Elder Care Business in Texas

  • 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
Foot Traffic
Very Car-Dependent
Bank Branches
1

vs. National Average

Median Income
-31% vs. $74,580
Walkability
-5.3 pts vs. national avg

Check Another Market

Or estimate costs with the ElderCareCost calculator.

Data sources

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