Nursing Care Facilities Market: ZIP 46164
Opportunity Score
84
/ 100
Excellent
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 46164 is an urban area. with a population of 3,991 and household incomes above the national median ($92,235).
Area Profile
3,991
Population
$92,235
Median Income
+24% vs. national
Urban
Area Type
Median Age: 47.6 —
older demographic, may prefer sit-down options.
College-Educated: 19.6% —
value-focused market, keep prices competitive.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,280
2BR Fair Market Rent
$866
Median Gross Rent
$230 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
vs. National Average
Median Income
+24% vs. $74,580
Nearby Markets
46181
5.9 mi
Pop: 5,094
$85,625
Walk: 5.1
46160
10.7 mi
Pop: 6,416
$72,003
47448
11.6 mi
Pop: 7,719
$65,136
Walk: 4.3
47280
11.8 mi
Pop: 978
$48,640
47435
12.2 mi
Pop: 129
46124
12.9 mi
Pop: 7,638
$67,926
Walk: 8.9
46131
13.0 mi
Pop: 35,502
$81,914
Walk: 9.7
47201
13.6 mi
Pop: 48,602
$82,667
Walk: 9.2
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