Nursing Care Facilities Market: ZIP 97403
Opportunity Score
61
/ 100
Good
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 97403 is an urban area with moderate foot traffic. with a population of 14,508 and household incomes below the national median ($47,103).
Area Profile
14,508
Population
$47,103
Median Income
-37% vs. national
Urban
Area Type
12.7/20
Foot Traffic
Walkable
Median Age: 22.0 —
young market, strong street food demand.
College-Educated: 25.0% —
value-focused market, keep prices competitive.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,640
2BR Fair Market Rent
$1,211
Median Gross Rent
$550 K
Median Home Value
1
Bank Branches
$4.8 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
- Foot Traffic
- Walkable
- Bank Branches
- 1
vs. National Average
Median Income
-37% vs. $74,580
Walkability
+2.2 pts vs. national avg
Nearby Markets
97401
3.0 mi
Pop: 48,186
$51,244
Walk: 13.0
97477
3.2 mi
Pop: 37,837
$63,574
Walk: 13.6
97404
7.4 mi
Pop: 33,356
$80,355
Walk: 12.9
97408
7.4 mi
Pop: 15,297
$102,063
Walk: 10.7
97405
9.1 mi
Pop: 46,870
$93,136
Walk: 11.6
97426
9.5 mi
Pop: 10,384
$87,533
Walk: 8.9
97455
10.3 mi
Pop: 2,326
$113,608
Walk: 5.3
97402
12.3 mi
Pop: 54,199
$55,743
Walk: 14.9
Check Another Market
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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