Nursing Care Facilities Market: ZIP 46017
Opportunity Score
63
/ 100
Good
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 46017 is an urban area with low foot traffic. with a population of 5,421 and household incomes near the national median ($72,468).
Area Profile
5,421
Population
$72,468
Median Income
-3% vs. national
Urban
Area Type
7.6/20
Foot Traffic
Car-Dependent
Median Age: 44.9 —
older demographic, may prefer sit-down options.
College-Educated: 13.9% —
value-focused market, keep prices competitive.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,100
2BR Fair Market Rent
$972
Median Gross Rent
$140 K
Median Home Value
Tips for Starting a Elder Care Business in Indiana
- 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
- Foot Traffic
- Car-Dependent
vs. National Average
Median Income
-3% vs. $74,580
Walkability
-2.9 pts vs. national avg
Nearby Markets
46012
5.4 mi
Pop: 20,248
$58,538
Walk: 7.6
46016
5.5 mi
Pop: 18,380
$35,543
Walk: 9.1
46013
5.6 mi
Pop: 17,616
$49,557
47334
6.3 mi
Pop: 3,202
$73,076
46056
6.7 mi
Pop: 2,244
$72,955
47356
7.4 mi
Pop: 5,508
$68,654
Walk: 4.8
47396
10.3 mi
Pop: 7,808
$80,490
Walk: 5.8
46064
10.9 mi
Pop: 17,730
$92,012
Walk: 6.3
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