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NIC's seniors housing update

January 7, 2011
by submitted by the National Investment Center for the Seniors Housing & Care Industry
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Nursing care occupancy varies significantly across major metropolitan markets

As of 3Q10, occupancy in nursing care properties across the largest 31 metropolitan markets was 88.5%, which is down 0.6 percentage points from the same time a year ago.

While this national occupancy seems healthy considering the economic climate, there are significant variations at the metropolitan market occupancy level. Occupancy ranges from as low as 77.6% in Kansas City to as high as 95.1% in New York.

There are five major metropolitan markets with occupancy below 80%—four of these markets are located in either Missouri or Texas. The northeast contains three of the four highest occupied metropolitan markets, with Minneapolis the exception.

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Comments

It would be interesting to know the percentage of Medicaid occupancy in the larger, metropolitan areas. I would guess that the Medicaid census contributes significantly to the higher occupancy rates in the larger cities...but that is just a guess.