Nursing Care Facilities Market: ZIP 14894
Opportunity Score
28
/ 100
Challenging
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 14894 is an urban area. with a population of 1,316 and household incomes near the national median ($51,806).
Area Profile
1,316
Population
$51,806
Median Income
-31% vs. national
Urban
Area Type
Median Age: 40.3 —
older demographic, may prefer sit-down options.
College-Educated: 8.0% —
value-focused market, keep prices competitive.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,430
2BR Fair Market Rent
$1,067
Median Gross Rent
$84 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.
Quick Facts
- Area Type
- Urban
vs. National Average
Median Income
-31% vs. $74,580
Nearby Markets
14904
4.1 mi
Pop: 14,276
$54,563
Walk: 9.0
14901
4.6 mi
Pop: 14,430
$40,524
Walk: 6.5
16925
4.9 mi
Pop: 3,378
$70,042
14905
6.6 mi
Pop: 8,976
$85,888
Walk: 7.8
14861
7.9 mi
Pop: 1,356
$60,000
14871
9.4 mi
Pop: 4,497
$76,445
Walk: 3.4
14903
9.7 mi
Pop: 7,140
$66,142
Walk: 7.6
16914
11.4 mi
Pop: 2,415
$69,792
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