Nursing Care Facilities Market: ZIP 98232
Opportunity Score
88
/ 100
Excellent
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 98232 is an rural area. with a population of 3,938 and household incomes above the national median ($99,728).
Area Profile
3,938
Population
$99,728
Median Income
+34% vs. national
Rural
Area Type
Median Age: 51.8 —
older demographic, may prefer sit-down options.
College-Educated: 30.7% —
balanced market for quality & value.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$2,260
2BR Fair Market Rent
$1,588
Median Gross Rent
$710 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.
- This is a rural ZIP. Your customer radius is wider, marketing costs are lower, but you'll work harder for each lead.
Quick Facts
- Area Type
- Rural
vs. National Average
Median Income
+34% vs. $74,580
Nearby Markets
98233
6.2 mi
Pop: 17,703
$83,560
Walk: 8.9
98229
9.8 mi
Pop: 33,919
$90,068
Walk: 8.0
98273
11.4 mi
Pop: 30,078
$74,247
Walk: 7.8
98257
13.0 mi
Pop: 4,448
$90,983
98235
14.2 mi
Pop: 515
$60,082
98225
14.9 mi
Pop: 50,355
$62,220
Walk: 10.1
98221
15.4 mi
Pop: 23,211
$92,925
Walk: 8.0
98220
17.0 mi
Pop: 558
$142,891
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