ElderCareCost
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Home ZIP 97361

Nursing Care Facilities Market: ZIP 97361

Opportunity Score
64 / 100 Good
Based on walkability, population density, income levels, and local business competition.

Market Summary

ZIP 97361 is an suburban area with low foot traffic. with a population of 13,953 and household incomes near the national median ($70,625).

Area Profile

13,953
Population
$70,625
Median Income
-5% vs. national
Suburban
Area Type
9.8/20
Foot Traffic
Very Car-Dependent
Median Age: 29.3 — young market, strong street food demand.
College-Educated: 16.3% — value-focused market, keep prices competitive.

Operating Costs

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

$1,510
2BR Fair Market Rent
$1,128
Median Gross Rent
$410 K
Median Home Value
2
Bank Branches
$150 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.

Data sources

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