Nursing Care Facilities Market: ZIP 01524
Opportunity Score
86
/ 100
Excellent
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 01524 is an urban area. with a population of 6,110 and household incomes above the national median ($93,191).
Area Profile
6,110
Population
$93,191
Median Income
+25% vs. national
Urban
Area Type
Median Age: 42.0 —
older demographic, may prefer sit-down options.
College-Educated: 21.7% —
value-focused market, keep prices competitive.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,500
2BR Fair Market Rent
$1,055
Median Gross Rent
$390 K
Median Home Value
2
Bank Branches
$140 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
- 2
vs. National Average
Median Income
+25% vs. $74,580
Nearby Markets
01611
2.8 mi
Pop: 2,401
$118,389
Walk: 7.1
01542
2.9 mi
Pop: 2,572
$107,674
Walk: 6.7
01612
3.6 mi
Pop: 4,996
$133,750
Walk: 5.7
01602
4.9 mi
Pop: 25,791
$94,351
Walk: 14.1
01562
5.1 mi
Pop: 11,961
$79,086
Walk: 8.4
01603
5.1 mi
Pop: 21,034
$63,646
Walk: 13.5
01501
5.9 mi
Pop: 16,780
$101,929
Walk: 11.6
01537
6.2 mi
Pop: 1,821
$94,261
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