Nursing Care Facilities Market: ZIP 14724
Opportunity Score
64
/ 100
Good
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 14724 is an rural area. with a population of 3,099 and household incomes above the national median ($77,679).
Area Profile
3,099
Population
$77,679
Median Income
+4% vs. national
Rural
Area Type
Median Age: 29.4 —
young market, strong street food demand.
College-Educated: 9.7% —
value-focused market, keep prices competitive.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$930
2BR Fair Market Rent
$719
Median Gross Rent
$160 K
Median Home Value
1
Bank Branches
$40 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.
- This is a rural ZIP. Your customer radius is wider, marketing costs are lower, but you'll work harder for each lead.
Quick Facts
- Area Type
- Rural
- Bank Branches
- 1
vs. National Average
Median Income
+4% vs. $74,580
Nearby Markets
14736
8.2 mi
Pop: 210
$90,500
16407
9.1 mi
Pop: 10,555
$48,962
Walk: 13.6
14781
9.3 mi
Pop: 1,859
$65,134
Walk: 5.9
16442
10.8 mi
Pop: 3,091
$69,185
Walk: 5.5
14767
10.8 mi
Pop: 2,156
$62,935
16405
12.0 mi
Pop: 557
$55,938
14775
12.8 mi
Pop: 2,272
$50,061
16428
14.1 mi
Pop: 12,508
$77,103
Walk: 11.1
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