ElderCareCost
Showing results for ZIP 55812 (MN)
Home ZIP 77093

Nursing Care Facilities Market: ZIP 77093

Opportunity Score
57 / 100 Fair
Based on walkability, population density, income levels, and local business competition.

Market Summary

ZIP 77093 is an urban area with moderate foot traffic. with a population of 46,091 and household incomes below the national median ($41,958).

Area Profile

46,091
Population
$41,958
Median Income
-44% vs. national
Urban
Area Type
11.6/20
Foot Traffic
Walkable
Median Age: 31.3 — mixed-age market, broad menu appeal.
College-Educated: 3.2% — value-focused market, keep prices competitive.

Operating Costs

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

$1,200
2BR Fair Market Rent
$1,102
Median Gross Rent
$120 K
Median Home Value
6
Bank Branches
$550 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.
  • Median income sits at $41,958. Price sensitivity is real. Build your model around volume or keep overhead minimal.

Data sources

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