Nursing Care Facilities Market: ZIP 03908
Opportunity Score
88
/ 100
Excellent
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 03908 is an urban area. with a population of 7,384 and household incomes above the national median ($97,927).
Area Profile
7,384
Population
$97,927
Median Income
+31% vs. national
Urban
Area Type
Median Age: 40.1 —
older demographic, may prefer sit-down options.
College-Educated: 26.7% —
balanced market for quality & value.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,700
2BR Fair Market Rent
$1,535
Median Gross Rent
$390 K
Median Home Value
1
Bank Branches
$27 K deposits
Tips for Starting a Elder Care Business in Maine
- 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
- 1
vs. National Average
Median Income
+31% vs. $74,580
Nearby Markets
03903
6.0 mi
Pop: 6,978
$100,472
Walk: 7.0
03869
6.3 mi
Pop: 2,452
$82,983
03909
6.7 mi
Pop: 11,021
$108,889
Walk: 5.3
03901
7.8 mi
Pop: 8,094
$77,790
03904
8.4 mi
Pop: 8,310
$74,551
03906
8.6 mi
Pop: 5,275
$95,762
Walk: 5.1
03902
8.6 mi
Pop: 2,530
$131,538
03878
9.5 mi
Pop: 12,145
$79,691
Walk: 7.2
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