Nursing Care Facilities Market: ZIP 61880
Opportunity Score
82
/ 100
Excellent
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 61880 is an urban area. with a population of 4,558 and household incomes above the national median ($89,139).
Area Profile
4,558
Population
$89,139
Median Income
+20% vs. national
Urban
Area Type
Median Age: 37.2 —
mixed-age market, broad menu appeal.
College-Educated: 18.8% —
value-focused market, keep prices competitive.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$950
2BR Fair Market Rent
$881
Median Gross Rent
$230 K
Median Home Value
1
Bank Branches
$88 K deposits
Tips for Starting a Elder Care Business in Illinois
- 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
- Bank Branches
- 1
vs. National Average
Median Income
+20% vs. $74,580
Nearby Markets
61863
5.3 mi
Pop: 807
$96,563
61874
5.7 mi
Pop: 8,602
$88,431
Walk: 14.5
61864
6.6 mi
Pop: 1,714
$91,827
61872
9.3 mi
Pop: 613
$102,500
61820
9.5 mi
Pop: 38,481
$31,031
Walk: 14.9
61801
9.7 mi
Pop: 27,755
$37,948
Walk: 14.9
61821
9.7 mi
Pop: 28,838
$69,284
Walk: 14.0
61956
11.2 mi
Pop: 3,046
$70,885
Walk: 5.5
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