Nursing Care Facilities Market: ZIP 97024
Opportunity Score
74
/ 100
Good
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 97024 is an urban area. with a population of 11,702 and household incomes near the national median ($71,649).
Area Profile
11,702
Population
$71,649
Median Income
-4% vs. national
Urban
Area Type
Median Age: 36.0 —
mixed-age market, broad menu appeal.
College-Educated: 16.9% —
value-focused market, keep prices competitive.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,880
2BR Fair Market Rent
$1,503
Median Gross Rent
$400 K
Median Home Value
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
vs. National Average
Median Income
-4% vs. $74,580
Nearby Markets
97030
2.4 mi
Pop: 38,471
$61,793
Walk: 15.3
97230
4.6 mi
Pop: 41,682
$70,582
Walk: 14.3
97233
4.8 mi
Pop: 37,518
$54,886
Walk: 14.3
97060
4.9 mi
Pop: 21,788
$84,164
Walk: 11.2
97080
5.7 mi
Pop: 47,548
$96,218
Walk: 11.4
98683
6.4 mi
Pop: 31,613
$83,821
Walk: 11.7
97236
6.6 mi
Pop: 37,864
$68,582
Walk: 12.6
98684
7.9 mi
Pop: 36,486
$88,044
Walk: 13.4
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