Nursing Care Facilities Market: ZIP 98447
Opportunity Score
46
/ 100
Fair
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 98447 is an urban area with moderate foot traffic.
Area Profile
964
Population
Urban
Area Type
13.7/20
Foot Traffic
Walkable
Median Age: 20.1 —
young market, strong street food demand.
College-Educated: 0.6% —
value-focused market, keep prices competitive.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,790
2BR Fair Market 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
- Walkable
vs. National Average
Walkability
+3.2 pts vs. national avg
Nearby Markets
98444
0.6 mi
Pop: 35,660
$64,464
Walk: 13.2
98445
2.7 mi
Pop: 33,578
$90,063
Walk: 8.3
98438
3.4 mi
Pop: 568
$21,023
98408
3.6 mi
Pop: 20,469
$78,855
Walk: 13.9
98439
4.2 mi
Pop: 5,389
$47,056
98499
4.5 mi
Pop: 33,694
$65,000
Walk: 13.3
98446
4.8 mi
Pop: 14,241
$101,130
Walk: 7.2
98404
4.9 mi
Pop: 35,829
$79,562
Walk: 13.6
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