Nursing Care Facilities Market: ZIP 46201
Opportunity Score
60
/ 100
Good
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 46201 is an urban area with moderate foot traffic. with a population of 31,650 and household incomes below the national median ($43,183).
Area Profile
31,650
Population
$43,183
Median Income
-42% vs. national
Urban
Area Type
13.0/20
Foot Traffic
Walkable
Median Age: 34.3 —
mixed-age market, broad menu appeal.
College-Educated: 17.4% —
value-focused market, keep prices competitive.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,220
2BR Fair Market Rent
$929
Median Gross Rent
$150 K
Median Home Value
3
Bank Branches
$130 K deposits
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.
- Median income sits at $43,183. Price sensitivity is real. Build your model around volume or keep overhead minimal.
Quick Facts
- Area Type
- Urban
- Foot Traffic
- Walkable
- Bank Branches
- 3
vs. National Average
Median Income
-42% vs. $74,580
Walkability
+2.5 pts vs. national avg
Nearby Markets
46218
2.4 mi
Pop: 28,560
$34,635
Walk: 12.9
46203
2.7 mi
Pop: 37,297
$55,375
Walk: 13.6
46204
3.3 mi
Pop: 11,022
$88,081
Walk: 16.3
46206
3.7 mi
Pop: 0
46202
3.7 mi
Pop: 20,331
$61,082
Walk: 15.6
46107
4.1 mi
Pop: 13,021
$57,377
Walk: 14.3
46205
4.2 mi
Pop: 29,196
$65,756
Walk: 13.6
46225
4.4 mi
Pop: 5,535
$47,917
Walk: 14.0
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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