Nursing Care Facilities Market: ZIP 97111
Opportunity Score
86
/ 100
Excellent
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 97111 is an urban area. with a population of 4,285 and household incomes above the national median ($95,121).
Area Profile
4,285
Population
$95,121
Median Income
+28% vs. national
Urban
Area Type
Median Age: 43.4 —
older demographic, may prefer sit-down options.
College-Educated: 17.1% —
value-focused market, keep prices competitive.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,900
2BR Fair Market Rent
$1,744
Median Gross Rent
$470 K
Median Home Value
1
Bank Branches
$42 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
+28% vs. $74,580
Nearby Markets
97127
6.3 mi
Pop: 4,428
$96,419
97148
6.9 mi
Pop: 3,125
$97,150
Walk: 7.7
97128
7.8 mi
Pop: 38,625
$72,055
Walk: 13.4
97114
10.6 mi
Pop: 5,136
$87,560
97115
11.6 mi
Pop: 3,916
$114,107
97119
13.0 mi
Pop: 5,154
$118,056
Walk: 7.7
97101
13.6 mi
Pop: 3,945
$105,061
97132
14.6 mi
Pop: 31,715
$95,150
Walk: 12.7
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