ElderCareCost
Showing results for ZIP 62243 (IL)
Home ZIP 77840

Nursing Care Facilities Market: ZIP 77840

Opportunity Score
47 / 100 Fair
Based on walkability, population density, income levels, and local business competition.

Market Summary

ZIP 77840 is an urban area with low foot traffic. with a population of 55,186 and household incomes below the national median ($31,278).

Area Profile

55,186
Population
$31,278
Median Income
-58% vs. national
Urban
Area Type
8.2/20
Foot Traffic
Car-Dependent
Median Age: 22.1 — young market, strong street food demand.
College-Educated: 15.0% — value-focused market, keep prices competitive.

Competition

Nursing Care Facilities and related businesses in ZIP 77840.

3
Home Health Agencies
0.5 per 10K residents

Operating Costs

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

$1,190
2BR Fair Market Rent
$1,085
Median Gross Rent
$240 K
Median Home Value
14
Bank Branches
$2.5 M 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 $31,278. Price sensitivity is real. Build your model around volume or keep overhead minimal.

Quick Facts

Area Type
Urban
Foot Traffic
Car-Dependent
Related Businesses
3
Bank Branches
14

vs. National Average

Median Income
-58% vs. $74,580
Walkability
-2.4 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