Nursing Care Facilities Market: ZIP 14605
Opportunity Score
59
/ 100
Fair
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 14605 is an urban area with high foot traffic. with a population of 11,796 and household incomes below the national median ($23,255).
Area Profile
11,796
Population
$23,255
Median Income
-69% vs. national
Urban
Area Type
15.2/20
Foot Traffic
Very Walkable
Median Age: 30.5 —
mixed-age market, broad menu appeal.
College-Educated: 6.9% —
value-focused market, keep prices competitive.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,200
2BR Fair Market Rent
$815
Median Gross Rent
$81 K
Median Home Value
1
Bank Branches
$4.2 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.
- Median income sits at $23,255. Price sensitivity is real. Build your model around volume or keep overhead minimal.
Quick Facts
- Area Type
- Urban
- Foot Traffic
- Very Walkable
- Bank Branches
- 1
vs. National Average
Median Income
-69% vs. $74,580
Walkability
+4.7 pts vs. national avg
Nearby Markets
14604
0.9 mi
Pop: 2,708
$63,672
14614
1.2 mi
Pop: 1,112
$63,452
Walk: 17.1
14621
1.5 mi
Pop: 33,349
$36,534
Walk: 12.9
14607
1.5 mi
Pop: 17,577
$56,270
Walk: 16.2
14608
1.8 mi
Pop: 12,417
$39,537
Walk: 16.0
14620
2.8 mi
Pop: 22,866
$59,525
Walk: 13.8
14613
2.9 mi
Pop: 14,740
$33,370
Walk: 13.4
14627
3.4 mi
Pop: 3,008
Walk: 13.5
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