Nursing Care Facilities Market: ZIP 88027
Opportunity Score
26
/ 100
Challenging
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 88027 is an urban area. with a population of 589 and household incomes near the national median ($62,361).
Area Profile
589
Population
$62,361
Median Income
-16% vs. national
Urban
Area Type
Median Age: 39.3 —
mixed-age market, broad menu appeal.
College-Educated: 17.3% —
value-focused market, keep prices competitive.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$930
2BR Fair Market Rent
$836
Median Gross Rent
$180 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.
Quick Facts
- Area Type
- Urban
vs. National Average
Median Income
-16% vs. $74,580
Nearby Markets
88024
4.8 mi
Pop: 546
$36,575
79821
7.0 mi
Pop: 6,550
$58,171
Walk: 6.6
88048
7.7 mi
Pop: 3,325
$49,432
88072
8.3 mi
Pop: 2,689
$33,781
79835
9.1 mi
Pop: 12,289
$42,955
Walk: 5.8
88021
9.1 mi
Pop: 16,102
$49,345
Walk: 5.6
79911
12.2 mi
Pop: 9,107
$108,525
Walk: 5.2
79932
12.2 mi
Pop: 29,524
$76,789
Walk: 8.6
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