Nursing Care Facilities Market: ZIP 01083
Opportunity Score
68
/ 100
Good
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 01083 is an urban area. with a population of 2,746 and household incomes above the national median ($92,558).
Area Profile
2,746
Population
$92,558
Median Income
+24% vs. national
Urban
Area Type
Median Age: 37.2 —
mixed-age market, broad menu appeal.
College-Educated: 25.2% —
balanced market for quality & value.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,540
2BR Fair Market Rent
$380 K
Median Home Value
Tips for Starting a Elder Care Business in Massachusetts
- State licensing for assisted living takes 6-12 months and involves facility inspections, staffing plans, and background checks. Start early.
- Staffing is your #1 cost and #1 challenge. CNA turnover runs 50-75% annually in most markets. Budget for constant recruiting.
- Medicare and Medicaid reimbursement rates vary by state. Some states pay well. Others don't cover costs. Know your state's rates before committing.
- Start small. A residential care home (6-8 beds) requires far less capital than a 50-bed facility and lets you prove your model.
Quick Facts
- Area Type
- Urban
vs. National Average
Median Income
+24% vs. $74,580
Nearby Markets
01092
2.7 mi
Pop: 1,123
$70,938
01585
3.3 mi
Pop: 4,942
$70,753
Walk: 5.1
01010
5.4 mi
Pop: 3,694
$101,477
Walk: 4.3
01506
6.5 mi
Pop: 3,442
$71,875
Walk: 6.9
01069
7.5 mi
Pop: 9,077
$79,725
Walk: 5.5
01031
8.4 mi
Pop: 1,715
$58,125
01082
8.5 mi
Pop: 10,418
$71,023
Walk: 6.9
01518
9.0 mi
Pop: 2,835
$111,193
Check Another Market
Or estimate costs with the ElderCareCost 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