Nursing Care Facilities Market: ZIP 02457
Opportunity Score
48
/ 100
Fair
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 02457 is an urban area.
Area Profile
1,886
Population
Urban
Area Type
Median Age: 20.2 —
young market, strong street food demand.
College-Educated: 0.4% —
value-focused market, keep prices competitive.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$3,650
2BR Fair Market Rent
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
02481
0.9 mi
Pop: 17,262
$250,001
Walk: 11.3
02482
1.7 mi
Pop: 10,758
$240,069
Walk: 11.4
02492
2.5 mi
Pop: 21,481
$222,063
Walk: 9.6
02462
2.6 mi
Pop: 1,459
$210,682
02494
2.9 mi
Pop: 10,578
$173,750
Walk: 11.3
02468
3.6 mi
Pop: 5,901
$250,001
Walk: 13.0
02466
3.7 mi
Pop: 8,553
$170,852
Walk: 14.6
02464
3.9 mi
Pop: 3,730
$125,846
Walk: 17.6
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