Nursing Care Facilities Market: ZIP 10517
Opportunity Score
50
/ 100
Fair
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 10517 is an urban area. with a population of 551 and household incomes well above the national median ($110,417).
Area Profile
551
Population
$110,417
Median Income
+48% vs. national
Urban
Area Type
Median Age: 48.3 —
older demographic, may prefer sit-down options.
College-Educated: 22.7% —
value-focused market, keep prices competitive.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$2,340
2BR Fair Market Rent
$1,571
Median Gross Rent
$600 K
Median Home Value
Tips for Starting a Elder Care Business in New York
- 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 $110,417. That gives you pricing room most markets don't offer. Don't underprice.
Quick Facts
- Area Type
- Urban
vs. National Average
Median Income
+48% vs. $74,580
Nearby Markets
10547
1.4 mi
Pop: 7,361
$155,295
10567
2.5 mi
Pop: 20,260
$152,334
Walk: 8.9
10588
3.2 mi
Pop: 3,081
$171,598
Walk: 4.3
10537
3.5 mi
Pop: 2,418
$126,354
10566
4.0 mi
Pop: 25,484
$91,042
Walk: 14.1
10598
4.5 mi
Pop: 28,894
$163,040
Walk: 8.6
10520
5.0 mi
Pop: 12,208
$140,018
Walk: 13.6
10535
5.2 mi
Pop: 323
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