Nursing Care Facilities Market: ZIP 98178
Opportunity Score
80
/ 100
Excellent
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 98178 is an urban area with moderate foot traffic. with a population of 25,929 and household incomes above the national median ($93,786).
Area Profile
25,929
Population
$93,786
Median Income
+26% vs. national
Urban
Area Type
13.8/20
Foot Traffic
Walkable
Median Age: 40.7 —
older demographic, may prefer sit-down options.
College-Educated: 26.9% —
balanced market for quality & value.
Competition
Nursing Care Facilities and related businesses in ZIP 98178.
3
Home Health Agencies
1.2 per 10K residents
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$2,510
2BR Fair Market Rent
$1,836
Median Gross Rent
$630 K
Median Home Value
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
- 3
vs. National Average
Median Income
+26% vs. $74,580
Walkability
+3.3 pts vs. national avg
Nearby Markets
98057
2.6 mi
Pop: 12,151
$68,097
98118
3.4 mi
Pop: 49,560
$109,085
Walk: 14.1
98168
3.8 mi
Pop: 34,814
$84,937
Walk: 13.0
98056
4.0 mi
Pop: 36,872
$108,596
98188
4.1 mi
Pop: 26,769
$76,559
Walk: 13.0
98040
4.6 mi
Pop: 25,282
$202,359
Walk: 11.4
98055
4.7 mi
Pop: 24,851
$100,207
Walk: 11.5
98108
4.9 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