Nursing Care Facilities Market: ZIP 98506
Opportunity Score
64
/ 100
Good
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 98506 is an urban area with moderate foot traffic. with a population of 18,763 and household incomes above the national median ($93,968). There are 5 nursing care facilities operations in ZIP 98506.
Area Profile
18,763
Population
$93,968
Median Income
+26% vs. national
Urban
Area Type
12.5/20
Foot Traffic
Walkable
Median Age: 47.3 —
older demographic, may prefer sit-down options.
College-Educated: 40.6% —
strong appetite for artisan/specialty food.
Competition
Nursing Care Facilities and related businesses in ZIP 98506.
5
Nursing Care Facilities
Low competition — room to establish
2.7 per 10K residents
3
Home Health Agencies
1.6 per 10K residents
What this means:
Nursing Care Facilities are 62.5% of the relevant market in ZIP 98506 (5 vs. 3 related businesses).
Well-established market — differentiation is non-negotiable.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,710
2BR Fair Market Rent
$1,431
Median Gross Rent
$470 K
Median Home Value
1
Bank Branches
$97 K deposits
Quick Facts
- Area Type
- Urban
- Foot Traffic
- Walkable
- Nursing Care Facilities
- 5
- Related Businesses
- 3
- Bank Branches
- 1
vs. National Average
Median Income
+26% vs. $74,580
Walkability
+2.0 pts vs. national avg
Nearby Markets
98516
5.9 mi
Pop: 28,286
$92,191
Walk: 11.3
98505
7.5 mi
Pop: 636
98503
7.9 mi
Pop: 42,189
$87,515
Walk: 12.2
98501
9.0 mi
Pop: 46,937
$95,695
Walk: 10.6
98351
9.2 mi
Pop: 1,832
$145,613
98502
10.8 mi
Pop: 35,043
$87,154
Walk: 13.5
98513
12.4 mi
Pop: 37,953
$108,270
Walk: 10.7
98303
13.3 mi
Pop: 1,341
$72,074
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