Nursing Care Facilities Market: ZIP 98403
Opportunity Score
82
/ 100
Excellent
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 98403 is an urban area. with a population of 8,586 and household incomes above the national median ($86,179).
Area Profile
8,586
Population
$86,179
Median Income
+16% vs. national
Urban
Area Type
Median Age: 38.4 —
mixed-age market, broad menu appeal.
College-Educated: 50.0% —
strong appetite for artisan/specialty food.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,790
2BR Fair Market Rent
$1,414
Median Gross Rent
$740 K
Median Home Value
1
Bank Branches
$53 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
- Bank Branches
- 1
vs. National Average
Median Income
+16% vs. $74,580
Nearby Markets
98402
1.3 mi
Pop: 7,500
$54,712
Walk: 18.2
98416
1.6 mi
Pop: 877
Walk: 15.2
98405
1.7 mi
Pop: 25,306
$80,024
Walk: 15.4
98418
3.1 mi
Pop: 10,475
$79,413
Walk: 14.4
98406
3.7 mi
Pop: 23,642
$104,761
Walk: 15.5
98409
3.8 mi
Pop: 27,298
$71,649
Walk: 14.6
98421
4.1 mi
Pop: 249
Walk: 19.3
98407
4.4 mi
Pop: 21,210
$108,905
Walk: 14.4
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