Nursing Care Facilities Market: ZIP 01128
Opportunity Score
74
/ 100
Good
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 01128 is an urban area. with a population of 3,252 and household incomes above the national median ($92,125).
Area Profile
3,252
Population
$92,125
Median Income
+24% vs. national
Urban
Area Type
Median Age: 38.8 —
mixed-age market, broad menu appeal.
College-Educated: 26.3% —
balanced market for quality & value.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,620
2BR Fair Market Rent
$250 K
Median Home Value
1
Bank Branches
$150 K deposits
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
- Bank Branches
- 1
vs. National Average
Median Income
+24% vs. $74,580
Nearby Markets
01129
1.8 mi
Pop: 5,993
$92,500
Walk: 11.8
01028
2.2 mi
Pop: 16,283
$100,997
Walk: 6.7
01118
2.5 mi
Pop: 15,009
$80,906
Walk: 11.8
01119
2.7 mi
Pop: 14,059
$59,172
Walk: 11.9
01151
4.3 mi
Pop: 9,627
$57,113
Walk: 13.7
01109
4.6 mi
Pop: 31,418
$46,821
Walk: 14.2
01108
4.9 mi
Pop: 27,409
$51,851
Walk: 14.3
01036
5.1 mi
Pop: 4,937
$110,703
Walk: 5.7
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