Nursing Care Facilities Market: ZIP 08809
Opportunity Score
80
/ 100
Excellent
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 08809 is an urban area with low foot traffic. with a population of 6,838 and household incomes well above the national median ($127,169).
Area Profile
6,838
Population
$127,169
Median Income
+71% vs. national
Urban
Area Type
8.1/20
Foot Traffic
Car-Dependent
Median Age: 38.6 —
mixed-age market, broad menu appeal.
College-Educated: 34.8% —
balanced market for quality & value.
Competition
Nursing Care Facilities and related businesses in ZIP 08809.
3
Home Health Agencies
4.4 per 10K residents
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$2,050
2BR Fair Market Rent
$1,721
Median Gross Rent
$410 K
Median Home Value
8
Bank Branches
$2.1 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.
- The median income here is $127,169. That gives you pricing room most markets don't offer. Don't underprice.
Quick Facts
- Area Type
- Urban
- Foot Traffic
- Car-Dependent
- Related Businesses
- 3
- Bank Branches
- 8
vs. National Average
Median Income
+71% vs. $74,580
Walkability
-2.4 pts vs. national avg
Nearby Markets
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