Nursing Care Facilities Market: ZIP 46323
Opportunity Score
56
/ 100
Fair
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 46323 is an urban area with low foot traffic. with a population of 23,184 and household incomes near the national median ($56,906).
Area Profile
23,184
Population
$56,906
Median Income
-24% vs. national
Urban
Area Type
8.2/20
Foot Traffic
Car-Dependent
Median Age: 36.9 —
mixed-age market, broad menu appeal.
College-Educated: 10.2% —
value-focused market, keep prices competitive.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,310
2BR Fair Market Rent
$1,189
Median Gross Rent
$150 K
Median Home Value
5
Bank Branches
$250 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.
Quick Facts
- Area Type
- Urban
- Foot Traffic
- Car-Dependent
- Bank Branches
- 5
vs. National Average
Median Income
-24% vs. $74,580
Walkability
-2.3 pts vs. national avg
Nearby Markets
46322
3.0 mi
Pop: 23,749
$76,219
Walk: 9.6
46406
3.3 mi
Pop: 8,513
$35,631
Walk: 7.5
46320
3.3 mi
Pop: 14,097
$35,706
Walk: 8.9
46324
3.4 mi
Pop: 21,433
$61,118
Walk: 9.1
46312
4.2 mi
Pop: 26,158
$41,071
Walk: 8.7
46321
4.5 mi
Pop: 23,733
$105,764
Walk: 8.6
46319
5.2 mi
Pop: 17,683
$75,976
Walk: 8.8
46327
5.2 mi
Pop: 10,797
$50,457
Walk: 12.0
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