Group Home Business Plan Template [Updated 2024]

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III. Industry Analysis


You can download our Business Plan Template (including a full, customizable financial model) to your computer here.

The group home industry is expected to grow robustly over the next five years. There are 9,623 group homes in the US with a market size of $8 billion. The group homes industry in the US is the 31st highest ranked Healthcare and Social Assistance industry by market size.

The primary positive factors affecting this industry are low competition and low revenue volatility. Federal funding for Medicare and Medicaid is expected to increase, representing a potential opportunity for this industry. Medicaid is a significant source of funding for children and adults with disabilities who live in long-term residential care facilities. When federal funding for these programs rises, industry revenue is positively affected. In addition, the continued growth of the aging population and people with one form of disability or the other has stimulated demand for industry services.

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