Nursing Care Facilities Market: ZIP 04093
Opportunity Score
80
/ 100
Excellent
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 04093 is an urban area. with a population of 8,451 and household incomes above the national median ($85,208).
Area Profile
8,451
Population
$85,208
Median Income
+14% vs. national
Urban
Area Type
Median Age: 46.2 —
older demographic, may prefer sit-down options.
College-Educated: 23.4% —
value-focused market, keep prices competitive.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$2,030
2BR Fair Market Rent
$1,413
Median Gross Rent
$320 K
Median Home Value
1
Bank Branches
$70 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
+14% vs. $74,580
Nearby Markets
04042
5.2 mi
Pop: 4,824
$81,250
Walk: 5.4
04038
6.9 mi
Pop: 18,192
$110,181
Walk: 6.8
04072
7.8 mi
Pop: 20,636
$84,328
Walk: 6.3
04084
8.9 mi
Pop: 7,695
$103,086
Walk: 5.9
04005
10.6 mi
Pop: 24,698
$71,268
Walk: 6.1
04030
11.3 mi
Pop: 2,795
$69,709
04085
11.6 mi
Pop: 2,822
$88,739
04074
12.3 mi
Pop: 22,527
$125,642
Walk: 7.5
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