Nursing Care Facilities Market: ZIP 98168
Opportunity Score
75
/ 100
Good
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 98168 is an urban area with moderate foot traffic. with a population of 34,814 and household incomes above the national median ($84,937).
Area Profile
34,814
Population
$84,937
Median Income
+14% vs. national
Urban
Area Type
13.0/20
Foot Traffic
Walkable
Median Age: 38.0 —
mixed-age market, broad menu appeal.
College-Educated: 16.8% —
value-focused market, keep prices competitive.
Competition
Nursing Care Facilities and related businesses in ZIP 98168.
5
Home Health Agencies
1.4 per 10K residents
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$2,390
2BR Fair Market Rent
$1,724
Median Gross Rent
$500 K
Median Home Value
2
Bank Branches
$300 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
- Foot Traffic
- Walkable
- Related Businesses
- 5
- Bank Branches
- 2
vs. National Average
Median Income
+14% vs. $74,580
Walkability
+2.5 pts vs. national avg
Nearby Markets
98158
2.8 mi
Pop: 0
98108
3.2 mi
Pop: 24,430
$90,806
Walk: 13.4
98188
3.5 mi
Pop: 26,769
$76,559
Walk: 13.0
98148
3.6 mi
Pop: 10,399
$86,994
98178
3.8 mi
Pop: 25,929
$93,786
Walk: 13.8
98118
4.2 mi
Pop: 49,560
$109,085
Walk: 14.1
98146
4.3 mi
Pop: 28,182
$108,460
Walk: 12.6
98166
4.5 mi
Pop: 22,001
$112,191
Walk: 10.9
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