Nursing Care Facilities Market: ZIP 08830
Opportunity Score
87
/ 100
Excellent
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 08830 is an urban area with moderate foot traffic. with a population of 19,151 and household incomes well above the national median ($112,615).
Area Profile
19,151
Population
$112,615
Median Income
+51% vs. national
Urban
Area Type
13.7/20
Foot Traffic
Walkable
Median Age: 38.4 —
mixed-age market, broad menu appeal.
College-Educated: 38.8% —
balanced market for quality & value.
Competition
Nursing Care Facilities and related businesses in ZIP 08830.
4
Home Health Agencies
2.1 per 10K residents
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$2,470
2BR Fair Market Rent
$2,051
Median Gross Rent
$390 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 $112,615. That gives you pricing room most markets don't offer. Don't underprice.
Quick Facts
- Area Type
- Urban
- Foot Traffic
- Walkable
- Related Businesses
- 4
- Bank Branches
- 8
vs. National Average
Median Income
+51% vs. $74,580
Walkability
+3.2 pts vs. national avg
Nearby Markets
07067
1.4 mi
Pop: 18,294
$134,301
Walk: 12.9
08863
2.3 mi
Pop: 13,052
$116,250
Walk: 14.1
07095
2.4 mi
Pop: 20,086
$99,718
Walk: 14.0
07001
3.4 mi
Pop: 17,143
$95,935
Walk: 15.1
08820
3.4 mi
Pop: 39,392
$168,453
Walk: 11.4
08840
3.5 mi
Pop: 17,934
$150,938
Walk: 13.1
07066
3.5 mi
Pop: 15,410
$122,610
Walk: 10.6
07065
3.6 mi
Pop: 29,748
$90,852
Walk: 13.6
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