ElderCareCost
Showing results for ZIP 87516 (NM)
Home ZIP 28164

Nursing Care Facilities Market: ZIP 28164

Opportunity Score
63 / 100 Good
Based on walkability, population density, income levels, and local business competition.

Market Summary

ZIP 28164 is an urban area with low foot traffic. with a population of 15,991 and household incomes above the national median ($82,661).

Area Profile

15,991
Population
$82,661
Median Income
+11% vs. national
Urban
Area Type
5.3/20
Foot Traffic
Very Car-Dependent
Median Age: 43.4 — older demographic, may prefer sit-down options.
College-Educated: 16.9% — value-focused market, keep prices competitive.

Operating Costs

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

$1,310
2BR Fair Market Rent
$1,161
Median Gross Rent
$270 K
Median Home Value
1
Bank Branches
$40 K deposits

Tips for Starting a Elder Care Business in North Carolina

  • 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.

Data sources

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