Nursing Care Facilities Market: ZIP 04284
Opportunity Score
40
/ 100
Fair
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 04284 is an suburban area. with a population of 1,096 and household incomes above the national median ($75,987).
Area Profile
1,096
Population
$75,987
Median Income
+2% vs. national
Suburban
Area Type
Median Age: 50.1 —
older demographic, may prefer sit-down options.
College-Educated: 33.6% —
balanced market for quality & value.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,360
2BR Fair Market Rent
$889
Median Gross Rent
$330 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
- Suburban
vs. National Average
Median Income
+2% vs. $74,580
Nearby Markets
04265
4.2 mi
Pop: 645
$43,712
Walk: 5.5
04364
6.2 mi
Pop: 6,153
$82,858
04349
6.6 mi
Pop: 1,343
$56,250
Walk: 5.6
04263
6.7 mi
Pop: 2,371
$86,339
Walk: 5.8
04355
7.4 mi
Pop: 2,628
$88,583
Walk: 5.8
04259
7.7 mi
Pop: 3,493
$94,868
04254
9.6 mi
Pop: 3,076
$44,535
Walk: 7.3
04352
10.6 mi
Pop: 1,728
$73,664
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