Nursing Care Facilities Market: ZIP 11738
Opportunity Score
100
/ 100
Excellent
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 11738 is an urban area. with a population of 20,246 and household incomes well above the national median ($139,008).
Area Profile
20,246
Population
$139,008
Median Income
+86% vs. national
Urban
Area Type
Median Age: 35.1 —
mixed-age market, broad menu appeal.
College-Educated: 20.3% —
value-focused market, keep prices competitive.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$3,170
2BR Fair Market Rent
$2,789
Median Gross Rent
$460 K
Median Home Value
3
Bank Branches
$880 K 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 $139,008. That gives you pricing room most markets don't offer. Don't underprice.
Quick Facts
- Area Type
- Urban
- Bank Branches
- 3
vs. National Average
Median Income
+86% vs. $74,580
Nearby Markets
11742
1.9 mi
Pop: 13,194
$126,563
Walk: 8.2
11784
2.2 mi
Pop: 25,986
$105,268
Walk: 7.8
11741
3.7 mi
Pop: 26,356
$138,417
Walk: 7.9
11727
3.8 mi
Pop: 29,393
$101,515
Walk: 6.8
11720
3.8 mi
Pop: 28,669
$128,015
Walk: 8.4
11763
3.9 mi
Pop: 30,235
$119,286
Walk: 7.4
11776
5.3 mi
Pop: 23,629
$119,480
Walk: 6.9
11755
5.6 mi
Pop: 11,953
$120,306
Walk: 8.3
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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