ElderCareCost
Showing results for ZIP 23803 (VA)
Home ZIP 11102

Nursing Care Facilities Market: ZIP 11102

Opportunity Score
84 / 100 Excellent
Based on walkability, population density, income levels, and local business competition.

Market Summary

ZIP 11102 is an urban area with moderate foot traffic. with a population of 28,349 and household incomes well above the national median ($102,996).

Area Profile

28,349
Population
$102,996
Median Income
+38% vs. national
Urban
Area Type
14.2/20
Foot Traffic
Very Car-Dependent
Median Age: 36.7 — mixed-age market, broad menu appeal.
College-Educated: 46.2% — strong appetite for artisan/specialty food.

Operating Costs

Local cost levels affect space, labor, and operating expenses.

$3,300
2BR Fair Market Rent
$2,248
Median Gross Rent
$780 K
Median Home Value
4
Bank Branches
$1.3 M deposits

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 $102,996. That gives you pricing room most markets don't offer. Don't underprice.

Data sources

U.S. Census Bureau (ACS, ZBP) · HUD Fair Market Rents · EPA Walkability Index · USDA RUCA · IRS SOI · FDIC Summary of Deposits