Nursing Care Facilities Market: ZIP 81050
Opportunity Score
63
/ 100
Good
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 81050 is an rural area with moderate foot traffic. with a population of 9,774 and household incomes near the national median ($60,072).
Area Profile
9,774
Population
$60,072
Median Income
-19% vs. national
Rural
Area Type
11.5/20
Foot Traffic
Walkable
Median Age: 40.7 —
older demographic, may prefer sit-down options.
College-Educated: 13.5% —
value-focused market, keep prices competitive.
Competition
Nursing Care Facilities and related businesses in ZIP 81050.
5
Home Health Agencies
5.1 per 10K residents
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$930
2BR Fair Market Rent
$764
Median Gross Rent
$180 K
Median Home Value
6
Bank Branches
$310 K deposits
Tips for Starting a Elder Care Business in Colorado
- 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.
- This is a rural ZIP. Your customer radius is wider, marketing costs are lower, but you'll work harder for each lead.
Quick Facts
- Area Type
- Rural
- Foot Traffic
- Walkable
- Related Businesses
- 5
- Bank Branches
- 6
vs. National Average
Median Income
-19% vs. $74,580
Walkability
+1.0 pts vs. national avg
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