Nursing Care Facilities Market: ZIP 62894
Opportunity Score
38
/ 100
Challenging
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 62894 is an suburban area. with a population of 814 and household incomes above the national median ($80,284).
Area Profile
814
Population
$80,284
Median Income
+8% vs. national
Suburban
Area Type
Median Age: 47.6 —
older demographic, may prefer sit-down options.
College-Educated: 17.0% —
value-focused market, keep prices competitive.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$870
2BR Fair Market Rent
$656
Median Gross Rent
$110 K
Median Home Value
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
- Suburban
vs. National Average
Median Income
+8% vs. $74,580
Nearby Markets
62883
5.3 mi
Pop: 599
$112,625
62816
8.2 mi
Pop: 1,156
$55,337
62884
8.6 mi
Pop: 2,764
$57,386
Walk: 6.2
62898
9.8 mi
Pop: 2,018
$74,297
Walk: 4.5
62876
11.7 mi
Pop: 135
$52,708
Walk: 3.9
62897
11.9 mi
Pop: 573
$49,444
Walk: 5.4
62808
12.3 mi
Pop: 1,819
$67,071
62864
12.6 mi
Pop: 23,061
$58,082
Walk: 7.4
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