Nursing Care Facilities Market: ZIP 62974
Opportunity Score
44
/ 100
Fair
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 62974 is an suburban area. with a population of 1,648 and household incomes near the national median ($73,571).
Area Profile
1,648
Population
$73,571
Median Income
-1% vs. national
Suburban
Area Type
Median Age: 41.9 —
older demographic, may prefer sit-down options.
College-Educated: 16.5% —
value-focused market, keep prices competitive.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,120
2BR Fair Market Rent
$933
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.
Quick Facts
- Area Type
- Suburban
vs. National Average
Median Income
-1% vs. $74,580
Nearby Markets
62959
9.4 mi
Pop: 27,779
$69,914
Walk: 6.3
62890
9.6 mi
Pop: 2,379
$49,750
62951
9.6 mi
Pop: 5,381
$49,694
Walk: 5.9
62922
11.0 mi
Pop: 2,697
$70,547
62896
11.2 mi
Pop: 10,691
$55,528
Walk: 6.8
62917
11.6 mi
Pop: 2,474
$50,523
62935
11.8 mi
Pop: 2,246
$60,962
Walk: 2.1
62856
12.3 mi
Pop: 327
$59,500
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