Nursing Care Facilities Market: ZIP 98421
Opportunity Score
52
/ 100
Fair
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 98421 is an urban area with high foot traffic.
Area Profile
249
Population
Urban
Area Type
19.3/20
Foot Traffic
Very Walkable
Median Age: 35.3 —
mixed-age market, broad menu appeal.
College-Educated: 21.3% —
value-focused market, keep prices competitive.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$2,200
2BR Fair Market Rent
$1,273
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
- Very Walkable
vs. National Average
Walkability
+8.8 pts vs. national avg
Nearby Markets
98422
2.1 mi
Pop: 22,126
$115,989
Walk: 10.4
98402
3.1 mi
Pop: 7,500
$54,712
Walk: 18.2
98424
3.6 mi
Pop: 11,871
$93,633
Walk: 9.8
98404
3.7 mi
Pop: 35,829
$79,562
Walk: 13.6
98403
4.1 mi
Pop: 8,586
$86,179
98418
4.1 mi
Pop: 10,475
$79,413
Walk: 14.4
98443
4.3 mi
Pop: 5,787
$117,423
98023
4.4 mi
Pop: 49,593
$101,960
Walk: 12.5
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