Nursing Care Facilities Market: ZIP 87107
Opportunity Score
67
/ 100
Good
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 87107 is an urban area with moderate foot traffic. with a population of 26,993 and household incomes near the national median ($59,663).
Area Profile
26,993
Population
$59,663
Median Income
-20% vs. national
Urban
Area Type
13.5/20
Foot Traffic
Walkable
Median Age: 45.9 —
older demographic, may prefer sit-down options.
College-Educated: 30.3% —
balanced market for quality & value.
Competition
Nursing Care Facilities and related businesses in ZIP 87107.
4
Home Health Agencies
1.5 per 10K residents
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,140
2BR Fair Market Rent
$901
Median Gross Rent
$280 K
Median Home Value
8
Bank Branches
$610 K deposits
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
- Foot Traffic
- Walkable
- Related Businesses
- 4
- Bank Branches
- 8
vs. National Average
Median Income
-20% vs. $74,580
Walkability
+3.0 pts vs. national avg
Nearby Markets
87101
2.8 mi
Pop: 0
87104
3.3 mi
Pop: 13,369
$67,714
Walk: 16.3
87102
3.8 mi
Pop: 20,258
$37,276
Walk: 15.8
87109
4.8 mi
Pop: 39,323
$56,295
Walk: 13.1
87110
4.9 mi
Pop: 40,142
$63,593
Walk: 14.2
87114
4.9 mi
Pop: 70,064
$81,768
Walk: 10.7
87113
6.2 mi
Pop: 16,369
$92,083
Walk: 13.7
87108
6.3 mi
Pop: 35,985
$39,578
Walk: 14.4
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