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Nursing Care Facilities Market: ZIP 02642

Opportunity Score

64 / 100 Good

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

Market Summary

ZIP 02642 is an urban area with low foot traffic. with a population of 5,772 and household incomes near the national median ($72,683).

5,772

Population

$72,683

Median Income

-3% vs. national

Urban

Area Type

8.6/20

Foot Traffic

Car-Dependent

Median Age: 60.2 — older demographic, may prefer sit-down options.

College-Educated: 41.6% — strong appetite for artisan/specialty food.

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

$2,390

2BR Fair Market Rent

$1,692

Median Gross Rent

$670 K

Median Home Value

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.