ElderCareCost
Showing results for ZIP 23601 (VA)
Home ZIP 79901

Nursing Care Facilities Market: ZIP 79901

Opportunity Score
61 / 100 Good
Based on walkability, population density, income levels, and local business competition.

Market Summary

ZIP 79901 is an urban area with high foot traffic. with a population of 8,321 and household incomes below the national median ($13,984).

Area Profile

8,321
Population
$13,984
Median Income
-81% vs. national
Urban
Area Type
17.0/20
Foot Traffic
Very Walkable
Median Age: 46.1 — older demographic, may prefer sit-down options.
College-Educated: 5.4% — value-focused market, keep prices competitive.

Operating Costs

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

$1,040
2BR Fair Market Rent
$517
Median Gross Rent
$93 K
Median Home Value
9
Bank Branches
$3.4 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 $13,984. Price sensitivity is real. Build your model around volume or keep overhead minimal.

Data sources

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