Nursing Care Facilities Market: ZIP 98371
Opportunity Score
79
/ 100
Good
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 98371 is an urban area with moderate foot traffic. with a population of 23,989 and household incomes above the national median ($97,290).
Area Profile
23,989
Population
$97,290
Median Income
+30% vs. national
Urban
Area Type
12.2/20
Foot Traffic
Walkable
Median Age: 39.2 —
mixed-age market, broad menu appeal.
College-Educated: 20.0% —
value-focused market, keep prices competitive.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,950
2BR Fair Market Rent
$1,654
Median Gross Rent
$520 K
Median Home Value
6
Bank Branches
$580 K 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
- Walkable
- Bank Branches
- 6
vs. National Average
Median Income
+30% vs. $74,580
Walkability
+1.7 pts vs. national avg
Nearby Markets
98424
3.4 mi
Pop: 11,871
$93,633
Walk: 9.8
98373
3.5 mi
Pop: 29,062
$102,791
Walk: 10.1
98354
3.6 mi
Pop: 8,432
$90,361
Walk: 11.8
98443
3.6 mi
Pop: 5,787
$117,423
98372
4.0 mi
Pop: 26,662
$100,316
Walk: 11.4
98446
6.0 mi
Pop: 14,241
$101,130
Walk: 7.2
98390
6.2 mi
Pop: 11,497
$97,815
Walk: 9.0
98374
6.2 mi
Pop: 47,645
$108,854
Walk: 7.4
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