Nursing Care Facilities Market: ZIP 02762
Opportunity Score
86
/ 100
Excellent
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 02762 is an urban area. with a population of 9,872 and household incomes above the national median ($95,625).
Area Profile
9,872
Population
$95,625
Median Income
+28% vs. national
Urban
Area Type
Median Age: 43.6 —
older demographic, may prefer sit-down options.
College-Educated: 32.2% —
balanced market for quality & value.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$2,550
2BR Fair Market Rent
$1,901
Median Gross Rent
$460 K
Median Home Value
3
Bank Branches
$370 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
- 3
vs. National Average
Median Income
+28% vs. $74,580
Nearby Markets
02760
2.8 mi
Pop: 29,078
$109,350
Walk: 13.8
02093
3.1 mi
Pop: 12,305
$147,930
Walk: 7.3
02763
3.7 mi
Pop: 1,764
$109,970
Walk: 13.0
02703
6.3 mi
Pop: 46,479
$93,352
Walk: 10.9
02864
6.6 mi
Pop: 36,383
$118,737
Walk: 10.8
02038
7.1 mi
Pop: 33,067
$142,788
Walk: 7.4
02035
7.1 mi
Pop: 18,516
$108,559
Walk: 6.9
02056
7.2 mi
Pop: 11,556
$197,379
Walk: 7.0
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