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Daycare Centers Market: ZIP 98516

Opportunity Score

62 / 100 Good

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

Market Summary

ZIP 98516 is an urban area with moderate foot traffic. with a population of 28,286 and household incomes above the national median ($92,191). There are 6 daycare centers operations in ZIP 98516.

Area Profile

28,286

Population

$92,191

Median Income

+24% vs. national

Urban

Area Type

11.3/20

Foot Traffic

Walkable

Median Age: 38.9 — mixed-age market, broad menu appeal.

College-Educated: 25.9% — balanced market for quality & value.

Competition

Daycare Centers and related businesses in ZIP 98516.

Daycare Centers

Moderate — proven market

2.1 per 10K residents

Schools

1.1 per 10K residents

What this means: Daycare Centers are 66.7% of the relevant market in ZIP 98516 (6 vs. 3 related businesses). Well-established market — differentiation is non-negotiable.

Operating Costs

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

$2,190

2BR Fair Market Rent

$1,948

Median Gross Rent

$530 K

Median Home Value

Bank Branches

$440 K deposits

Tips for Starting a Daycare Business in Washington

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.