Nursing Care Facilities Market: ZIP 87110
Opportunity Score
69
/ 100
Good
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 87110 is an urban area with moderate foot traffic. with a population of 40,142 and household incomes near the national median ($63,593).
Area Profile
40,142
Population
$63,593
Median Income
-15% vs. national
Urban
Area Type
14.2/20
Foot Traffic
Very Car-Dependent
Median Age: 41.2 —
older demographic, may prefer sit-down options.
College-Educated: 28.2% —
balanced market for quality & value.
Competition
Nursing Care Facilities and related businesses in ZIP 87110.
9
Home Health Agencies
2.2 per 10K residents
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,400
2BR Fair Market Rent
$1,096
Median Gross Rent
$250 K
Median Home Value
14
Bank Branches
$1.3 M 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
- Very Car-Dependent
- Related Businesses
- 9
- Bank Branches
- 14
vs. National Average
Median Income
-15% vs. $74,580
Walkability
+3.7 pts vs. national avg
Nearby Markets
87108
2.5 mi
Pop: 35,985
$39,578
Walk: 14.4
87109
3.0 mi
Pop: 39,323
$56,295
Walk: 13.1
87112
4.3 mi
Pop: 42,523
$69,610
Walk: 13.9
87116
4.3 mi
Pop: 3,953
$78,877
87101
4.6 mi
Pop: 0
87111
4.9 mi
Pop: 57,219
$84,511
Walk: 13.5
87107
4.9 mi
Pop: 26,993
$59,663
Walk: 13.5
87102
5.1 mi
Pop: 20,258
$37,276
Walk: 15.8
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