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Nursing Care Facilities Market: ZIP 98550

Opportunity Score

60 / 100 Good

Based on walkability, population density, income levels, and local business competition.

Market Summary

ZIP 98550 is an suburban area with moderate foot traffic. with a population of 12,274 and household incomes near the national median ($56,920).

12,274

Population

$56,920

Median Income

-24% vs. national

Suburban

Area Type

10.3/20

Foot Traffic

Walkable

Median Age: 41.3 — older demographic, may prefer sit-down options.

College-Educated: 13.4% — value-focused market, keep prices competitive.

Local cost levels affect space, labor, and operating expenses.

$1,150

2BR Fair Market Rent

$1,003

Median Gross Rent

$210 K

Median Home Value

Bank Branches

$210 K deposits

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.