Nursing Care Facilities Market: ZIP 46408
Opportunity Score
52
/ 100
Fair
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 46408 is an urban area with low foot traffic. with a population of 15,571 and household incomes below the national median ($47,063).
Area Profile
15,571
Population
$47,063
Median Income
-37% vs. national
Urban
Area Type
7.2/20
Foot Traffic
Car-Dependent
Median Age: 36.7 —
mixed-age market, broad menu appeal.
College-Educated: 8.0% —
value-focused market, keep prices competitive.
Competition
Nursing Care Facilities and related businesses in ZIP 46408.
3
Home Health Agencies
1.9 per 10K residents
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,100
2BR Fair Market Rent
$1,016
Median Gross Rent
$96 K
Median Home Value
5
Bank Branches
$190 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
- Related Businesses
- 3
- Bank Branches
- 5
vs. National Average
Median Income
-37% vs. $74,580
Walkability
-3.3 pts vs. national avg
Nearby Markets
46404
2.7 mi
Pop: 16,846
$39,188
Walk: 8.0
46409
3.1 mi
Pop: 7,072
$40,637
Walk: 7.4
46407
3.5 mi
Pop: 8,889
$25,551
Walk: 8.0
46319
4.0 mi
Pop: 17,683
$75,976
Walk: 8.8
46406
5.0 mi
Pop: 8,513
$35,631
Walk: 7.5
46410
5.0 mi
Pop: 38,803
$61,735
Walk: 7.3
46402
5.4 mi
Pop: 5,636
$29,125
Walk: 8.3
46322
6.2 mi
Pop: 23,749
$76,219
Walk: 9.6
Check Another Market
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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