Nursing Care Facilities Market: ZIP 62903
Opportunity Score
38
/ 100
Challenging
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 62903 is an suburban area. with a population of 2,533 and household incomes below the national median ($39,526).
Area Profile
2,533
Population
$39,526
Median Income
-47% vs. national
Suburban
Area Type
Median Age: 25.0 —
young market, strong street food demand.
College-Educated: 22.7% —
value-focused market, keep prices competitive.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$990
2BR Fair Market Rent
$802
Median Gross Rent
$160 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.
- Median income sits at $39,526. Price sensitivity is real. Build your model around volume or keep overhead minimal.
Quick Facts
- Area Type
- Suburban
vs. National Average
Median Income
-47% vs. $74,580
Nearby Markets
62901
6.5 mi
Pop: 22,920
$32,960
Walk: 8.8
62975
7.0 mi
Pop: 177
$59,464
Walk: 2.8
62966
8.6 mi
Pop: 13,995
$54,242
Walk: 8.1
62920
8.9 mi
Pop: 2,872
$61,875
62905
10.2 mi
Pop: 741
$52,778
62958
10.2 mi
Pop: 2,069
$68,309
Walk: 4.9
62924
11.2 mi
Pop: 3,064
$57,721
Walk: 4.5
62902
11.3 mi
Pop: 4,217
$75,313
Walk: 8.0
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