Daycare Centers Market: ZIP 24540
Opportunity Score
42
/ 100
Fair
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 24540 is an suburban area with low foot traffic. with a population of 31,491 and household incomes below the national median ($47,207). There are 3 daycare centers operations in ZIP 24540.
Area Profile
31,491
Population
$47,207
Median Income
-37% vs. national
Suburban
Area Type
7.3/20
Foot Traffic
Car-Dependent
Median Age: 44.2 —
older demographic, may prefer sit-down options.
College-Educated: 11.9% —
value-focused market, keep prices competitive.
Competition
Daycare Centers and related businesses in ZIP 24540.
3
Daycare Centers
Low competition — room to establish
1.0 per 10K residents
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$850
2BR Fair Market Rent
$828
Median Gross Rent
$150 K
Median Home Value
11
Bank Branches
$660 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.
Quick Facts
- Area Type
- Suburban
- Foot Traffic
- Car-Dependent
- Daycare Centers
- 3
- Bank Branches
- 11
vs. National Average
Median Income
-37% vs. $74,580
Walkability
-3.2 pts vs. national avg
Nearby Markets
24541
6.9 mi
Pop: 28,151
$49,292
Walk: 7.0
24549
7.3 mi
Pop: 4,117
$54,819
Walk: 3.7
27315
8.7 mi
Pop: 2,005
$66,166
Walk: 3.3
24527
8.8 mi
Pop: 3,190
$62,807
24586
10.5 mi
Pop: 4,140
$54,318
Walk: 4.4
27311
11.1 mi
Pop: 3,656
$35,473
24566
13.8 mi
Pop: 1,350
$63,617
Walk: 2.9
24531
14.2 mi
Pop: 9,107
$46,706
Walk: 6.4
Check Another Market
Or estimate costs with the DaycareCalc 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