Nursing Care Facilities Market: ZIP 08609
Opportunity Score
64
/ 100
Good
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 08609 is an urban area. with a population of 13,000 and household incomes near the national median ($56,932).
Area Profile
13,000
Population
$56,932
Median Income
-24% vs. national
Urban
Area Type
Median Age: 35.6 —
mixed-age market, broad menu appeal.
College-Educated: 6.6% —
value-focused market, keep prices competitive.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,800
2BR Fair Market Rent
$1,218
Median Gross Rent
$97 K
Median Home Value
2
Bank Branches
$1 M 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
-24% vs. $74,580
Nearby Markets
08629
0.8 mi
Pop: 13,015
$81,367
Walk: 14.8
08608
1.8 mi
Pop: 1,118
08638
2.5 mi
Pop: 23,373
$65,650
Walk: 13.9
08610
2.8 mi
Pop: 33,387
$87,159
Walk: 15.7
08611
2.9 mi
Pop: 32,786
$50,806
Walk: 15.1
08619
3.3 mi
Pop: 23,512
$104,922
Walk: 12.3
08618
3.8 mi
Pop: 37,162
$48,179
Walk: 14.5
08648
4.4 mi
Pop: 31,142
$118,036
Walk: 12.6
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