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Nursing Care Facilities Market: ZIP 87501

Opportunity Score

80 / 100 Excellent

Based on walkability, population density, income levels, and local business competition.

Market Summary

ZIP 87501 is an urban area with high foot traffic. with a population of 15,409 and household incomes above the national median ($81,229).

15,409

Population

$81,229

Median Income

+9% vs. national

Urban

Area Type

16.7/20

Foot Traffic

Very Walkable

Median Age: 59.5 — older demographic, may prefer sit-down options.

College-Educated: 52.1% — strong appetite for artisan/specialty food.

Local cost levels affect space, labor, and operating expenses.

$1,920

2BR Fair Market Rent

$1,516

Median Gross Rent

$650 K

Median Home Value

Bank Branches

$1.7 M deposits

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.