Nursing Care Facilities Market: ZIP 04489
Opportunity Score
18
/ 100
Challenging
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 04489 is an urban area with low foot traffic.
Area Profile
366
Population
Urban
Area Type
5.9/20
Foot Traffic
Very Car-Dependent
Median Age: 24.9 —
young market, strong street food demand.
College-Educated: 35.8% —
balanced market for quality & value.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$2,140
2BR Fair Market Rent
$1,403
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
- Foot Traffic
- Very Car-Dependent
vs. National Average
Walkability
-4.6 pts vs. national avg
Nearby Markets
04469
1.8 mi
Pop: 3,310
04473
3.8 mi
Pop: 8,383
$58,893
Walk: 7.0
04468
8.3 mi
Pop: 9,163
$51,063
Walk: 5.8
04412
9.2 mi
Pop: 9,654
$51,490
Walk: 8.3
04461
9.8 mi
Pop: 3,083
$63,892
Walk: 4.8
04411
10.0 mi
Pop: 1,561
$68,929
04401
11.8 mi
Pop: 44,418
$66,136
Walk: 8.2
04428
11.9 mi
Pop: 3,374
$74,784
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