Nursing Care Facilities Market: ZIP 08109
Opportunity Score
79
/ 100
Good
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 08109 is an urban area with moderate foot traffic. with a population of 24,004 and household incomes above the national median ($84,332).
Area Profile
24,004
Population
$84,332
Median Income
+13% vs. national
Urban
Area Type
15.0/20
Foot Traffic
Very Car-Dependent
Median Age: 40.3 —
older demographic, may prefer sit-down options.
College-Educated: 18.7% —
value-focused market, keep prices competitive.
Competition
Nursing Care Facilities and related businesses in ZIP 08109.
55
Home Health Agencies
22.9 per 10K residents
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,620
2BR Fair Market Rent
$1,142
Median Gross Rent
$230 K
Median Home Value
3
Bank Branches
$310 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
- Foot Traffic
- Very Car-Dependent
- Related Businesses
- 55
- Bank Branches
- 3
vs. National Average
Median Income
+13% vs. $74,580
Walkability
+4.5 pts vs. national avg
Nearby Markets
08110
1.7 mi
Pop: 18,955
$81,307
Walk: 14.6
08002
2.0 mi
Pop: 23,574
$105,523
08108
2.5 mi
Pop: 18,730
$107,764
Walk: 14.3
08105
3.2 mi
Pop: 26,681
$48,319
Walk: 14.0
19137
3.4 mi
Pop: 7,933
$64,401
Walk: 15.4
08107
3.7 mi
Pop: 13,699
$70,262
Walk: 15.1
08052
3.8 mi
Pop: 19,970
$75,732
Walk: 13.0
08065
3.8 mi
Pop: 7,447
$85,014
Walk: 13.5
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