Nursing Care Facilities Market: ZIP 98315
Opportunity Score
64
/ 100
Good
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 98315 is an urban area with low foot traffic. with a population of 5,931 and household incomes above the national median ($84,485).
Area Profile
5,931
Population
$84,485
Median Income
+13% vs. national
Urban
Area Type
6.5/20
Foot Traffic
Car-Dependent
Median Age: 22.6 —
young market, strong street food demand.
College-Educated: 8.9% —
value-focused market, keep prices competitive.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$2,660
2BR Fair Market Rent
$2,314
Median Gross 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
- Foot Traffic
- Car-Dependent
vs. National Average
Median Income
+13% vs. $74,580
Walkability
-4.0 pts vs. national avg
Nearby Markets
98383
4.3 mi
Pop: 22,047
$106,902
Walk: 7.5
98345
6.5 mi
Pop: 272
$133,086
98370
6.5 mi
Pop: 32,997
$109,416
Walk: 8.1
98311
8.4 mi
Pop: 27,947
$98,714
Walk: 9.2
98392
10.4 mi
Pop: 3,412
$83,802
Walk: 8.0
98365
11.1 mi
Pop: 5,178
$98,393
98312
11.4 mi
Pop: 34,273
$85,332
Walk: 11.7
98310
11.5 mi
Pop: 22,170
$73,292
Walk: 13.5
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