Nursing Care Facilities Market: ZIP 07504
Opportunity Score
70
/ 100
Good
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 07504 is an urban area. with a population of 13,485 and household incomes near the national median ($67,269).
Area Profile
13,485
Population
$67,269
Median Income
-10% vs. national
Urban
Area Type
Median Age: 37.8 —
mixed-age market, broad menu appeal.
College-Educated: 11.3% —
value-focused market, keep prices competitive.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,830
2BR Fair Market Rent
$1,426
Median Gross Rent
$370 K
Median Home Value
1
Bank Branches
$54 K deposits
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.
Quick Facts
- Area Type
- Urban
- Bank Branches
- 1
vs. National Average
Median Income
-10% vs. $74,580
Nearby Markets
07513
0.8 mi
Pop: 10,961
$64,320
Walk: 14.6
07514
0.9 mi
Pop: 18,912
$65,492
Walk: 15.3
07503
1.4 mi
Pop: 19,567
$60,295
Walk: 13.4
07407
1.6 mi
Pop: 21,287
$100,852
Walk: 14.3
07524
1.7 mi
Pop: 14,676
$50,033
Walk: 14.9
07501
2.1 mi
Pop: 35,321
$40,699
Walk: 14.7
07011
2.2 mi
Pop: 38,817
$73,589
Walk: 15.5
07505
2.2 mi
Pop: 4,617
$33,311
Walk: 16.0
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