Nursing Care Facilities Market: ZIP 97003
Opportunity Score
88
/ 100
Excellent
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 97003 is an urban area. with a population of 27,791 and household incomes above the national median ($96,962).
Area Profile
27,791
Population
$96,962
Median Income
+30% vs. national
Urban
Area Type
Median Age: 35.2 —
mixed-age market, broad menu appeal.
College-Educated: 26.1% —
balanced market for quality & value.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$2,190
2BR Fair Market Rent
$1,925
Median Gross Rent
$460 K
Median Home Value
1
Bank Branches
$94 K deposits
Tips for Starting a Elder Care Business in Oregon
- 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
- 1
vs. National Average
Median Income
+30% vs. $74,580
Nearby Markets
97006
1.7 mi
Pop: 45,556
$100,373
Walk: 14.0
97078
2.6 mi
Pop: 25,813
$83,940
Walk: 11.7
97007
4.2 mi
Pop: 48,081
$116,667
Walk: 11.6
97005
4.3 mi
Pop: 27,812
$74,306
Walk: 16.2
97229
4.9 mi
Pop: 75,626
$159,863
Walk: 13.2
97008
5.2 mi
Pop: 29,183
$90,246
Walk: 15.3
97225
6.5 mi
Pop: 25,802
$111,341
Walk: 13.7
97124
7.3 mi
Pop: 54,351
$107,063
Walk: 13.3
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