ElderCareCost
Showing results for ZIP 64442 (MO)
Home ZIP 87731

Nursing Care Facilities Market: ZIP 87731

Opportunity Score
6 / 100 Challenging
Based on walkability, population density, income levels, and local business competition.

Market Summary

ZIP 87731 is an suburban area. with a population of 515 and household incomes below the national median ($26,782).

Area Profile

515
Population
$26,782
Median Income
-64% vs. national
Suburban
Area Type
Median Age: 23.5 — young market, strong street food demand.
College-Educated: 19.0% — value-focused market, keep prices competitive.

Operating Costs

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

$960
2BR Fair Market Rent
$170 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.
  • Median income sits at $26,782. Price sensitivity is real. Build your model around volume or keep overhead minimal.

Quick Facts

Area Type
Suburban

vs. National Average

Median Income
-64% vs. $74,580

Check Another Market

Or estimate costs with the ElderCareCost calculator.

Data sources

U.S. Census Bureau (ACS, ZBP) · HUD Fair Market Rents · EPA Walkability Index · USDA RUCA · IRS SOI · FDIC Summary of Deposits