Nursing Care Facilities Market: ZIP 99037
Opportunity Score
80
/ 100
Excellent
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 99037 is an urban area. with a population of 16,761 and household incomes above the national median ($83,886).
Area Profile
16,761
Population
$83,886
Median Income
+12% vs. national
Urban
Area Type
Median Age: 37.5 —
mixed-age market, broad menu appeal.
College-Educated: 19.9% —
value-focused market, keep prices competitive.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,530
2BR Fair Market Rent
$1,303
Median Gross Rent
$450 K
Median Home Value
4
Bank Branches
$560 K deposits
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
- Bank Branches
- 4
vs. National Average
Median Income
+12% vs. $74,580
Nearby Markets
99216
3.6 mi
Pop: 28,056
$69,958
Walk: 11.7
99206
3.8 mi
Pop: 41,442
$75,538
Walk: 14.1
99016
6.1 mi
Pop: 20,260
$94,253
99023
6.3 mi
Pop: 780
$125,909
99027
7.1 mi
Pop: 5,878
$70,784
Walk: 5.8
99212
7.7 mi
Pop: 21,549
$66,250
Walk: 12.6
99217
8.3 mi
Pop: 19,893
$71,807
Walk: 10.8
99223
8.6 mi
Pop: 35,848
$91,377
Walk: 11.5
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