Nursing Care Facilities Market: ZIP 04250
Opportunity Score
74
/ 100
Good
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 04250 is an urban area. with a population of 4,808 and household incomes near the national median ($71,903).
Area Profile
4,808
Population
$71,903
Median Income
-4% vs. national
Urban
Area Type
Median Age: 37.0 —
mixed-age market, broad menu appeal.
College-Educated: 14.0% —
value-focused market, keep prices competitive.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,280
2BR Fair Market Rent
$854
Median Gross Rent
$230 K
Median Home Value
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
vs. National Average
Median Income
-4% vs. $74,580
Nearby Markets
04252
4.2 mi
Pop: 4,908
$72,303
Walk: 6.3
04222
4.7 mi
Pop: 4,203
$96,492
Walk: 4.3
04240
6.0 mi
Pop: 37,886
$56,558
Walk: 8.7
04280
7.5 mi
Pop: 6,886
$63,250
Walk: 6.6
04069
9.3 mi
Pop: 1,551
$103,750
04210
10.1 mi
Pop: 24,294
$66,552
Walk: 8.8
04287
10.7 mi
Pop: 3,180
$78,238
Walk: 4.7
04236
11.7 mi
Pop: 4,390
$91,736
Walk: 5.5
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