Nursing Care Facilities Market: ZIP 97331
Opportunity Score
92
/ 100
Excellent
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 97331 is an urban area.
Area Profile
3,675
Population
Urban
Area Type
Median Age: 19.1 —
young market, strong street food demand.
College-Educated: 0.7% —
value-focused market, keep prices competitive.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,660
2BR Fair Market Rent
1
Bank Branches
$5.5 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
Nearby Markets
97330
6.0 mi
Pop: 44,464
$69,127
Walk: 13.4
97333
6.6 mi
Pop: 23,655
$64,581
Walk: 12.5
97321
11.6 mi
Pop: 30,996
$95,687
Walk: 15.4
97389
13.3 mi
Pop: 1,706
$92,443
Walk: 6.2
97370
13.4 mi
Pop: 9,443
$87,198
Walk: 8.7
97377
14.1 mi
Pop: 677
$130,223
97361
15.2 mi
Pop: 13,953
$70,625
Walk: 9.8
97348
16.6 mi
Pop: 2,103
$107,273
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