Nursing Care Facilities Market: ZIP 87010
Opportunity Score
22
/ 100
Challenging
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 87010 is an rural area. with a population of 1,147 and household incomes below the national median ($45,490).
Area Profile
1,147
Population
$45,490
Median Income
-39% vs. national
Rural
Area Type
Median Age: 56.6 —
older demographic, may prefer sit-down options.
College-Educated: 56.1% —
strong appetite for artisan/specialty food.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,620
2BR Fair Market Rent
$1,375
Median Gross Rent
$450 K
Median Home Value
Tips for Starting a Elder Care Business in New Mexico
- 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
vs. National Average
Median Income
-39% vs. $74,580
Nearby Markets
87047
14.6 mi
Pop: 5,166
$111,546
Walk: 4.5
87508
15.7 mi
Pop: 18,745
$96,767
Walk: 4.9
87001
16.9 mi
Pop: 3,551
$65,417
87052
18.3 mi
Pop: 3,108
$61,354
Walk: 7.4
87540
18.3 mi
Pop: 876
$52,750
Walk: 4.2
87041
18.7 mi
Pop: 848
$77,847
87072
22.8 mi
Pop: 599
$49,688
87505
24.1 mi
Pop: 32,189
$75,912
Walk: 12.1
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