ElderCareCost
Showing results for ZIP 21717 (MD)
Home ZIP 78674

Nursing Care Facilities Market: ZIP 78674

Opportunity Score
33 / 100 Challenging
Based on walkability, population density, income levels, and local business competition.

Market Summary

ZIP 78674 is an urban area with low foot traffic. with a population of 195 and household incomes above the national median ($95,481).

Area Profile

195
Population
$95,481
Median Income
+28% vs. national
Urban
Area Type
4.8/20
Foot Traffic
Very Car-Dependent
Median Age: 37.6 — mixed-age market, broad menu appeal.
College-Educated: 0.0% — value-focused market, keep prices competitive.

Operating Costs

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

$2,020
2BR Fair Market Rent
$43 K
Median Home Value

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