Home › ZIP 04923

Nursing Care Facilities Market: ZIP 04923

Opportunity Score

28 / 100 Challenging

Based on walkability, population density, income levels, and local business competition.

Market Summary

ZIP 04923 is an rural area. with a population of 520 and household incomes near the national median ($70,208).

520

Population

$70,208

Median Income

-6% vs. national

Rural

Area Type

Median Age: 39.2 — mixed-age market, broad menu appeal.

College-Educated: 16.3% — value-focused market, keep prices competitive.

Local cost levels affect space, labor, and operating expenses.

$1,050

2BR Fair Market Rent

$200 K

Median Home Value

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.
This is a rural ZIP. Your customer radius is wider, marketing costs are lower, but you'll work harder for each lead.