Nursing Care Facilities Market: ZIP 08086
Opportunity Score
82
/ 100
Excellent
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 08086 is an urban area. with a population of 8,534 and household incomes above the national median ($88,125).
Area Profile
8,534
Population
$88,125
Median Income
+18% vs. national
Urban
Area Type
Median Age: 43.7 —
older demographic, may prefer sit-down options.
College-Educated: 23.0% —
value-focused market, keep prices competitive.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$2,210
2BR Fair Market Rent
$1,689
Median Gross Rent
$260 K
Median Home Value
2
Bank Branches
$100 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
- 2
vs. National Average
Median Income
+18% vs. $74,580
Nearby Markets
08063
1.1 mi
Pop: 3,056
$81,654
Walk: 13.3
19112
2.9 mi
Pop: 0
08066
3.5 mi
Pop: 7,412
$62,412
Walk: 12.1
08097
3.6 mi
Pop: 3,207
$117,614
Walk: 13.1
08093
3.7 mi
Pop: 9,224
$70,257
Walk: 15.3
08061
3.9 mi
Pop: 4,411
$157,222
19153
4.1 mi
Pop: 12,396
$53,434
Walk: 13.6
08096
4.2 mi
Pop: 35,896
$89,483
Walk: 11.9
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