Nursing Care Facilities Market: ZIP 98133
Opportunity Score
68
/ 100
Good
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 98133 is an urban area with high foot traffic. with a population of 52,620 and household incomes above the national median ($92,371). There are 5 nursing care facilities operations in ZIP 98133.
Area Profile
52,620
Population
$92,371
Median Income
+24% vs. national
Urban
Area Type
16.9/20
Foot Traffic
Very Walkable
Median Age: 39.4 —
mixed-age market, broad menu appeal.
College-Educated: 39.8% —
balanced market for quality & value.
Competition
Nursing Care Facilities and related businesses in ZIP 98133.
5
Nursing Care Facilities
Low competition — room to establish
1.0 per 10K residents
5
Home Health Agencies
1.0 per 10K residents
What this means:
Nursing Care Facilities are 50.0% of the relevant market in ZIP 98133 (5 vs. 5 related businesses).
Well-established market — differentiation is non-negotiable.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$2,590
2BR Fair Market Rent
$1,794
Median Gross Rent
$720 K
Median Home Value
8
Bank Branches
$1.1 M deposits
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
- Foot Traffic
- Very Walkable
- Nursing Care Facilities
- 5
- Related Businesses
- 5
- Bank Branches
- 8
vs. National Average
Median Income
+24% vs. $74,580
Walkability
+6.4 pts vs. national avg
Nearby Markets
98177
2.0 mi
Pop: 20,506
$162,607
Walk: 14.2
98155
3.1 mi
Pop: 35,906
$131,911
Walk: 12.7
98125
3.3 mi
Pop: 43,807
$96,725
Walk: 14.3
98103
4.6 mi
Pop: 51,988
$127,372
Walk: 16.4
98043
4.6 mi
Pop: 21,417
$101,408
Walk: 14.2
98117
4.7 mi
Pop: 35,147
$182,500
Walk: 15.7
98020
4.7 mi
Pop: 19,064
$122,243
Walk: 6.8
98107
5.6 mi
Pop: 28,390
$137,748
Walk: 16.3
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