Nursing Care Facilities Market: ZIP 06901
Opportunity Score
82
/ 100
Excellent
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 06901 is an urban area. with a population of 10,506 and household incomes above the national median ($87,524).
Area Profile
10,506
Population
$87,524
Median Income
+17% vs. national
Urban
Area Type
Median Age: 32.1 —
mixed-age market, broad menu appeal.
College-Educated: 49.3% —
strong appetite for artisan/specialty food.
Competition
Nursing Care Facilities and related businesses in ZIP 06901.
6
Home Health Agencies
5.7 per 10K residents
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$2,710
2BR Fair Market Rent
$2,266
Median Gross Rent
$450 K
Median Home Value
8
Bank Branches
$1.7 M deposits
Tips for Starting a Elder Care Business in Connecticut
- 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
- Related Businesses
- 6
- Bank Branches
- 8
vs. National Average
Median Income
+17% vs. $74,580
Nearby Markets
06902
0.6 mi
Pop: 72,915
$92,527
Walk: 11.9
06906
1.7 mi
Pop: 9,472
$91,710
Walk: 14.0
06905
2.4 mi
Pop: 20,126
$132,730
Walk: 13.3
06870
3.0 mi
Pop: 7,903
$227,727
Walk: 14.1
06907
3.5 mi
Pop: 9,071
$104,526
Walk: 12.2
06878
3.5 mi
Pop: 8,446
$250,001
Walk: 8.7
06807
3.7 mi
Pop: 7,667
$194,492
06820
4.3 mi
Pop: 21,683
$250,001
Walk: 10.4
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