Nursing Homes and Assisted Living

For a given demographic profile, the size of the assisted living market will vary from state to state depending on the level of state funding for long term care. For example, the assisted living market would be smaller in New York than in Nevada, since New York has historically funded long term care (LTC) at higher levels per capita than Nevada.

The overlap among market segments shown must also be removed. The demand for nursing home beds is calculated first; then the incidence (outside nursing homes) of middle-to-late stage dementia is calculated and subtracted from the estimate for frail individuals with three-or-more personal care limitations (such as those needing help with dressing, bathing or transferring), but not cognitively impaired.

TOTAL DEMAND FOR SENIORS HOUSING BY INCOME AND RENT
Sample Primary Market Area
As of Jan 1, 2018

Current IncomeNursing Home BedsDementia, Moderate to Severe (Non-Institutional)Personal Care (3+ ADLs)
@ 95% of Income@ 95% of Income@ 80% of Income
PersonsRentPersonsRentPersonsRent
Total276NA645NA1069NA
$30,000+120$2,3752802,375464$2,000
$35,000+100$2,7712342,771388$2,333
$40,000+82$3,1671933,167319$2,667
$50,000+56$3,9581303,958215$3,333
$60,000+40$4,750934,750155$4,000

Note: Demand estimates can be added across the table, but not down. Existing supply must be subtracted from these demand estimates to obtain the remaining potential market opportunities.

Project categories: Sample Reports

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