Nursing Care Facilities Market: ZIP 87041
Opportunity Score
36
/ 100
Challenging
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 87041 is an urban area. with a population of 848 and household incomes above the national median ($77,847).
Area Profile
848
Population
$77,847
Median Income
+4% vs. national
Urban
Area Type
Median Age: 39.5 —
mixed-age market, broad menu appeal.
College-Educated: 9.6% —
value-focused market, keep prices competitive.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,100
2BR Fair Market Rent
$875
Median Gross Rent
$160 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.
Quick Facts
- Area Type
- Urban
vs. National Average
Median Income
+4% vs. $74,580
Nearby Markets
87083
4.2 mi
Pop: 453
$54,861
87072
5.2 mi
Pop: 599
$49,688
87052
6.1 mi
Pop: 3,108
$61,354
Walk: 7.4
87544
11.5 mi
Pop: 13,806
$135,108
Walk: 5.1
87001
13.6 mi
Pop: 3,551
$65,417
87507
14.7 mi
Pop: 51,109
$62,955
Walk: 11.5
87547
16.4 mi
Pop: 5,568
$150,714
Walk: 7.1
87010
18.7 mi
Pop: 1,147
$45,490
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