Nursing Care Facilities Market: ZIP 98195
Opportunity Score
60
/ 100
Good
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 98195 is an urban area.
Area Profile
2,471
Population
Urban
Area Type
Median Age: 19.0 —
young market, strong street food demand.
College-Educated: 0.0% —
value-focused market, keep prices competitive.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$2,790
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
98102
1.7 mi
Pop: 26,583
$114,395
98105
1.7 mi
Pop: 49,229
$78,691
Walk: 16.1
98112
1.8 mi
Pop: 23,961
$162,073
Walk: 16.5
98103
2.3 mi
Pop: 51,988
$127,372
Walk: 16.4
98115
2.8 mi
Pop: 54,248
$148,190
Walk: 16.2
98109
3.0 mi
Pop: 32,552
$130,845
Walk: 16.7
98122
3.2 mi
Pop: 42,001
$106,479
Walk: 16.2
98101
3.5 mi
Pop: 16,396
$128,143
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