Nursing Care Facilities Market: ZIP 98148
Opportunity Score
82
/ 100
Excellent
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 98148 is an urban area. with a population of 10,399 and household incomes above the national median ($86,994).
Area Profile
10,399
Population
$86,994
Median Income
+17% vs. national
Urban
Area Type
Median Age: 34.9 —
mixed-age market, broad menu appeal.
College-Educated: 18.4% —
value-focused market, keep prices competitive.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$2,390
2BR Fair Market Rent
$1,837
Median Gross Rent
$580 K
Median Home Value
1
Bank Branches
$48 K 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
- Bank Branches
- 1
vs. National Average
Median Income
+17% vs. $74,580
Nearby Markets
98158
1.3 mi
Pop: 0
98166
1.9 mi
Pop: 22,001
$112,191
Walk: 10.9
98168
3.6 mi
Pop: 34,814
$84,937
Walk: 13.0
98188
3.7 mi
Pop: 26,769
$76,559
Walk: 13.0
98198
3.8 mi
Pop: 39,815
$83,938
Walk: 12.4
98146
4.5 mi
Pop: 28,182
$108,460
Walk: 12.6
98032
6.0 mi
Pop: 40,150
$77,413
Walk: 14.2
98108
6.4 mi
Pop: 24,430
$90,806
Walk: 13.4
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