Nursing Care Facilities Market: ZIP 78516
Opportunity Score
62
/ 100
Good
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 78516 is an urban area. with a population of 34,960 and household incomes near the national median ($51,547).
Area Profile
34,960
Population
$51,547
Median Income
-31% vs. national
Urban
Area Type
Median Age: 30.3 —
mixed-age market, broad menu appeal.
College-Educated: 7.0% —
value-focused market, keep prices competitive.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$930
2BR Fair Market Rent
$743
Median Gross Rent
$100 K
Median Home Value
2
Bank Branches
$96 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
- Bank Branches
- 2
vs. National Average
Median Income
-31% vs. $74,580
Nearby Markets
78589
2.7 mi
Pop: 39,958
$51,662
Walk: 8.5
78537
4.8 mi
Pop: 51,346
$36,331
Walk: 8.3
78577
5.2 mi
Pop: 79,903
$49,768
Walk: 9.8
78503
8.9 mi
Pop: 22,566
$48,765
Walk: 7.5
78596
9.0 mi
Pop: 38,942
$53,797
Walk: 7.8
78557
9.4 mi
Pop: 14,250
$53,667
78501
9.5 mi
Pop: 59,095
$49,451
Walk: 10.6
78539
10.3 mi
Pop: 38,162
$64,864
Walk: 9.1
Check Another Market
Or estimate costs with the ElderCareCost calculator.
About This Data
Data sources
U.S. Census Bureau (ACS, ZBP) · HUD Fair Market Rents · EPA Walkability Index · USDA RUCA · IRS SOI · FDIC Summary of Deposits