ElderCareCost
Showing results for ZIP 66537 (KS)
Home ZIP 78754

Nursing Care Facilities Market: ZIP 78754

Opportunity Score
60 / 100 Good
Based on walkability, population density, income levels, and local business competition.

Market Summary

ZIP 78754 is an urban area. with a population of 31,410 and household incomes above the national median ($92,964). There are 3 nursing care facilities operations in ZIP 78754.

Area Profile

31,410
Population
$92,964
Median Income
+25% vs. national
Urban
Area Type
Median Age: 34.2 — mixed-age market, broad menu appeal.
College-Educated: 29.1% — balanced market for quality & value.

Competition

Nursing Care Facilities and related businesses in ZIP 78754.

3
Nursing Care Facilities
Low competition — room to establish
1.0 per 10K residents
4
Home Health Agencies
1.3 per 10K residents
What this means: Nursing Care Facilities are 42.9% of the relevant market in ZIP 78754 (3 vs. 4 related businesses). Well-established market — differentiation is non-negotiable.

Operating Costs

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

$1,920
2BR Fair Market Rent
$1,704
Median Gross Rent
$320 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