Nursing Care Facilities Market: ZIP 98050
Opportunity Score
4
/ 100
Challenging
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 98050 is an urban area.
Area Profile
87
Population
Urban
Area Type
Median Age: 66.3 —
older demographic, may prefer sit-down options.
College-Educated: 100.0% —
strong appetite for artisan/specialty food.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$2,730
2BR Fair Market Rent
Tips for Starting a Elder Care Business in Washington
- 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
Nearby Markets
98024
3.3 mi
Pop: 4,632
$152,726
Walk: 7.4
98027
4.4 mi
Pop: 28,335
$150,000
Walk: 10.0
98029
5.0 mi
Pop: 30,930
$164,058
98075
7.3 mi
Pop: 25,231
$250,001
Walk: 8.6
98025
7.8 mi
Pop: 51
98038
8.9 mi
Pop: 37,868
$144,733
Walk: 9.2
98074
8.9 mi
Pop: 30,850
$234,013
Walk: 9.2
98053
9.9 mi
Pop: 22,838
$179,912
Walk: 8.3
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