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Home ZIP 23517

Daycare Centers Market: ZIP 23517

Opportunity Score
72 / 100 Good
Based on walkability, population density, income levels, and local business competition.

Market Summary

ZIP 23517 is an urban area with high foot traffic. with a population of 4,550 and household incomes near the national median ($63,556).

Area Profile

4,550
Population
$63,556
Median Income
-15% vs. national
Urban
Area Type
15.8/20
Foot Traffic
Very Walkable
Median Age: 33.4 — mixed-age market, broad menu appeal.
College-Educated: 44.7% — strong appetite for artisan/specialty food.

Operating Costs

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

$1,660
2BR Fair Market Rent
$1,397
Median Gross Rent
$360 K
Median Home Value
6
Bank Branches
$640 K deposits

Tips for Starting a Daycare Business in Virginia

  • Licensing comes first. State childcare licensing takes 3-6 months in most states. Start that paperwork before you sign a lease.
  • Staff-to-child ratios are set by law and they dictate your entire cost structure. Know your state's ratios before building a financial model.
  • Location matters more than marketing. Parents pick daycares within 10 minutes of home or work. Proximity to commuter routes beats a nice website.
  • Insurance costs $3,000-$10,000/year depending on your state and capacity. Get quotes early. Some carriers won't cover home-based operations.

Data sources

U.S. Census Bureau (ACS, ZBP) · HUD Fair Market Rents · EPA Walkability Index · USDA RUCA · IRS SOI · FDIC Summary of Deposits