ElderCareCost
Showing results for ZIP 22306 (VA)
Home ZIP 77029

Nursing Care Facilities Market: ZIP 77029

Opportunity Score
61 / 100 Good
Based on walkability, population density, income levels, and local business competition.

Market Summary

ZIP 77029 is an urban area with moderate foot traffic. with a population of 15,931 and household incomes below the national median ($49,601).

Area Profile

15,931
Population
$49,601
Median Income
-33% vs. national
Urban
Area Type
12.4/20
Foot Traffic
Walkable
Median Age: 39.6 — mixed-age market, broad menu appeal.
College-Educated: 5.8% — value-focused market, keep prices competitive.

Competition

Nursing Care Facilities and related businesses in ZIP 77029.

4
Home Health Agencies
2.5 per 10K residents

Operating Costs

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

$1,190
2BR Fair Market Rent
$1,129
Median Gross Rent
$120 K
Median Home Value
4
Bank Branches
$440 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.

Data sources

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