Home › ZIP 24016

Daycare Centers Market: ZIP 24016

Opportunity Score

57 / 100 Fair

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

Market Summary

ZIP 24016 is an urban area with moderate foot traffic. with a population of 9,828 and household incomes below the national median ($43,727). There are 9 daycare centers operations in ZIP 24016.

Area Profile

9,828

Population

$43,727

Median Income

-41% vs. national

Urban

Area Type

14.9/20

Foot Traffic

Very Car-Dependent

Median Age: 32.8 — mixed-age market, broad menu appeal.

College-Educated: 17.4% — value-focused market, keep prices competitive.

Competition

Daycare Centers and related businesses in ZIP 24016.

Daycare Centers

Moderate — proven market

9.2 per 10K residents

Operating Costs

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

$1,130

2BR Fair Market Rent

$972

Median Gross Rent

$120 K

Median Home Value

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.
Median income sits at $43,727. Price sensitivity is real. Build your model around volume or keep overhead minimal.