NIC’s seniors housing update

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.

Click for larger version.

Topics: Articles