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Nursing Care Facilities Market: ZIP 01840

Opportunity Score

64 / 100 Good

Based on walkability, population density, income levels, and local business competition.

Market Summary

ZIP 01840 is an urban area with high foot traffic. with a population of 7,092 and household incomes below the national median ($34,630).

7,092

Population

$34,630

Median Income

-54% vs. national

Urban

Area Type

17.5/20

Foot Traffic

Very Walkable

Median Age: 36.9 — mixed-age market, broad menu appeal.

College-Educated: 9.1% — value-focused market, keep prices competitive.

Nursing Care Facilities and related businesses in ZIP 01840.

Home Health Agencies

11.3 per 10K residents

Local cost levels affect space, labor, and operating expenses.

$1,740

2BR Fair Market Rent

$1,174

Median Gross Rent

Bank Branches

$220 K deposits

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.
Median income sits at $34,630. Price sensitivity is real. Build your model around volume or keep overhead minimal.