Nursing Care Facilities Market: ZIP 98233
Opportunity Score
68
/ 100
Good
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 98233 is an urban area with low foot traffic. with a population of 17,703 and household incomes above the national median ($83,560).
Area Profile
17,703
Population
$83,560
Median Income
+12% vs. national
Urban
Area Type
8.9/20
Foot Traffic
Car-Dependent
Median Age: 39.4 —
mixed-age market, broad menu appeal.
College-Educated: 16.1% —
value-focused market, keep prices competitive.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,760
2BR Fair Market Rent
$1,567
Median Gross Rent
$470 K
Median Home Value
10
Bank Branches
$1 M 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
- Car-Dependent
- Bank Branches
- 10
vs. National Average
Median Income
+12% vs. $74,580
Walkability
-1.6 pts vs. national avg
Nearby Markets
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