Nursing Care Facilities Market: ZIP 07064
Opportunity Score
96
/ 100
Excellent
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 07064 is an urban area. with a population of 3,742 and household incomes well above the national median ($143,194).
Area Profile
3,742
Population
$143,194
Median Income
+92% vs. national
Urban
Area Type
Median Age: 40.0 —
older demographic, may prefer sit-down options.
College-Educated: 22.0% —
value-focused market, keep prices competitive.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$2,050
2BR Fair Market Rent
$420 K
Median Home Value
Tips for Starting a Elder Care Business in New Jersey
- 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.
- The median income here is $143,194. That gives you pricing room most markets don't offer. Don't underprice.
Quick Facts
- Area Type
- Urban
vs. National Average
Median Income
+92% vs. $74,580
Nearby Markets
07077
1.1 mi
Pop: 3,196
$106,926
07008
1.7 mi
Pop: 25,220
$87,712
Walk: 11.3
07001
2.1 mi
Pop: 17,143
$95,935
Walk: 15.1
07095
3.1 mi
Pop: 20,086
$99,718
Walk: 14.0
10309
3.1 mi
Pop: 34,918
$123,638
Walk: 12.2
07065
3.7 mi
Pop: 29,748
$90,852
Walk: 13.6
08861
3.8 mi
Pop: 58,264
$60,464
Walk: 14.6
07036
4.0 mi
Pop: 45,101
$89,942
Walk: 14.2
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