Nursing Care Facilities Market: ZIP 08248
Opportunity Score
44
/ 100
Fair
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 08248 is an urban area. with a population of 134 and household incomes well above the national median ($106,840).
Area Profile
134
Population
$106,840
Median Income
+43% vs. national
Urban
Area Type
Median Age: 53.9 —
older demographic, may prefer sit-down options.
College-Educated: 61.2% —
strong appetite for artisan/specialty food.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,850
2BR Fair Market Rent
$930 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 $106,840. That gives you pricing room most markets don't offer. Don't underprice.
Quick Facts
- Area Type
- Urban
vs. National Average
Median Income
+43% vs. $74,580
Nearby Markets
08230
3.4 mi
Pop: 5,998
$110,667
Walk: 8.1
08243
4.0 mi
Pop: 2,079
$98,860
Walk: 11.1
08223
5.1 mi
Pop: 4,063
$100,000
08226
5.9 mi
Pop: 11,260
$101,782
Walk: 12.7
08246
7.5 mi
Pop: 53
Walk: 6.9
08202
8.8 mi
Pop: 1,636
$142,500
Walk: 12.8
08244
9.3 mi
Pop: 10,611
$67,500
Walk: 14.2
08245
11.2 mi
Pop: 30
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