Nursing Care Facilities Market: ZIP 01438
Opportunity Score
4
/ 100
Challenging
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 01438 is an urban area.
Area Profile
192
Population
Urban
Area Type
Median Age: 56.2 —
older demographic, may prefer sit-down options.
College-Educated: 28.1% —
balanced market for quality & value.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,820
2BR Fair Market Rent
$240 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
Nearby Markets
01468
2.6 mi
Pop: 4,157
$110,938
01440
3.9 mi
Pop: 21,298
$63,526
Walk: 9.9
01436
4.5 mi
Pop: 3,720
$88,421
01452
5.1 mi
Pop: 4,339
$102,344
Walk: 4.0
01475
7.5 mi
Pop: 10,194
$85,638
01473
9.0 mi
Pop: 8,289
$101,161
Walk: 5.5
01331
10.2 mi
Pop: 13,865
$68,345
Walk: 10.3
01430
11.1 mi
Pop: 6,450
$115,146
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