Nursing Care Facilities Market: ZIP 04064
Opportunity Score
70
/ 100
Good
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 04064 is an urban area. with a population of 8,585 and household incomes near the national median ($66,689).
Area Profile
8,585
Population
$66,689
Median Income
-11% vs. national
Urban
Area Type
Median Age: 54.5 —
older demographic, may prefer sit-down options.
College-Educated: 34.7% —
balanced market for quality & value.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,760
2BR Fair Market Rent
$1,142
Median Gross Rent
$310 K
Median Home Value
1
Bank Branches
$170 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
-11% vs. $74,580
Nearby Markets
04063
1.8 mi
Pop: 565
$60,594
04074
4.7 mi
Pop: 22,527
$125,642
Walk: 7.5
04072
5.7 mi
Pop: 20,636
$84,328
Walk: 6.3
04006
6.4 mi
Pop: 72
$250,001
Walk: 6.4
04005
7.2 mi
Pop: 24,698
$71,268
Walk: 6.1
04046
8.8 mi
Pop: 8,035
$99,861
Walk: 6.7
04106
10.2 mi
Pop: 26,966
$83,744
Walk: 13.9
04102
10.9 mi
Pop: 17,642
$79,631
Walk: 15.4
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