Nursing Care Facilities Market: ZIP 87117
Opportunity Score
0
/ 100
Challenging
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 87117 is an urban area.
Area Profile
24
Population
Urban
Area Type
College-Educated: 0.0% —
value-focused market, keep prices competitive.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,360
2BR Fair Market Rent
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
Nearby Markets
87116
4.5 mi
Pop: 3,953
$78,877
87123
5.6 mi
Pop: 43,515
$61,552
Walk: 11.6
87106
6.2 mi
Pop: 26,815
$51,079
Walk: 12.0
87108
6.5 mi
Pop: 35,985
$39,578
Walk: 14.4
87112
7.1 mi
Pop: 42,523
$69,610
Walk: 13.9
87110
8.6 mi
Pop: 40,142
$63,593
Walk: 14.2
87111
9.9 mi
Pop: 57,219
$84,511
Walk: 13.5
87102
10.5 mi
Pop: 20,258
$37,276
Walk: 15.8
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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