Nursing Care Facilities Market: ZIP 98530
Opportunity Score
24
/ 100
Challenging
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 98530 is an urban area. with a population of 511 and household incomes near the national median ($63,750).
Area Profile
511
Population
$63,750
Median Income
-15% vs. national
Urban
Area Type
Median Age: 38.3 —
mixed-age market, broad menu appeal.
College-Educated: 8.8% —
value-focused market, keep prices competitive.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,630
2BR Fair Market Rent
$1,242
Median Gross Rent
$220 K
Median Home Value
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
vs. National Average
Median Income
-15% vs. $74,580
Nearby Markets
98531
5.0 mi
Pop: 27,356
$61,963
Walk: 8.1
98589
5.8 mi
Pop: 7,296
$89,119
Walk: 4.3
98544
11.5 mi
Pop: 8
Walk: 5.0
98501
11.6 mi
Pop: 46,937
$95,695
Walk: 10.6
98512
15.5 mi
Pop: 31,291
$93,738
Walk: 8.0
98503
15.8 mi
Pop: 42,189
$87,515
Walk: 12.2
98576
15.9 mi
Pop: 5,063
$101,336
98513
16.0 mi
Pop: 37,953
$108,270
Walk: 10.7
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