Nursing Care Facilities Market: ZIP 98342
Opportunity Score
54
/ 100
Fair
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 98342 is an urban area. with a population of 1,398 and household incomes above the national median ($95,714).
Area Profile
1,398
Population
$95,714
Median Income
+28% vs. national
Urban
Area Type
Median Age: 55.1 —
older demographic, may prefer sit-down options.
College-Educated: 40.8% —
strong appetite for artisan/specialty food.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,970
2BR Fair Market Rent
$1,438
Median Gross Rent
$640 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
vs. National Average
Median Income
+28% vs. $74,580
Nearby Markets
98392
4.1 mi
Pop: 3,412
$83,802
Walk: 8.0
98346
5.0 mi
Pop: 9,337
$110,946
98110
7.6 mi
Pop: 24,607
$159,882
Walk: 8.5
98370
7.9 mi
Pop: 32,997
$109,416
Walk: 8.1
98364
8.6 mi
Pop: 0
98345
8.7 mi
Pop: 272
$133,086
98177
9.7 mi
Pop: 20,506
$162,607
Walk: 14.2
98117
9.8 mi
Pop: 35,147
$182,500
Walk: 15.7
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