ElderCareCost
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Home ZIP 78648

Nursing Care Facilities Market: ZIP 78648

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

Market Summary

ZIP 78648 is an rural area. with a population of 8,022 and household incomes near the national median ($56,533). There are 3 nursing care facilities operations in ZIP 78648.

Area Profile

8,022
Population
$56,533
Median Income
-24% vs. national
Rural
Area Type
Median Age: 48.7 — older demographic, may prefer sit-down options.
College-Educated: 8.7% — value-focused market, keep prices competitive.

Competition

Nursing Care Facilities and related businesses in ZIP 78648.

3
Nursing Care Facilities
Low competition — room to establish
3.7 per 10K residents

Operating Costs

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

$1,330
2BR Fair Market Rent
$1,063
Median Gross Rent
$220 K
Median Home Value
3
Bank Branches
$120 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.
  • This is a rural ZIP. Your customer radius is wider, marketing costs are lower, but you'll work harder for each lead.

Data sources

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