Nursing Care Facilities Market: ZIP 46741
Opportunity Score
84
/ 100
Excellent
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 46741 is an urban area. with a population of 4,218 and household incomes above the national median ($90,114).
Area Profile
4,218
Population
$90,114
Median Income
+21% vs. national
Urban
Area Type
Median Age: 35.8 —
mixed-age market, broad menu appeal.
College-Educated: 20.0% —
value-focused market, keep prices competitive.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,550
2BR Fair Market Rent
$1,297
Median Gross Rent
$300 K
Median Home Value
1
Bank Branches
$200 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
- Bank Branches
- 1
vs. National Average
Median Income
+21% vs. $74,580
Nearby Markets
46788
4.9 mi
Pop: 4,372
$97,250
Walk: 3.3
46765
5.7 mi
Pop: 5,972
$105,114
46743
6.8 mi
Pop: 2,191
$71,875
46835
7.6 mi
Pop: 37,589
$75,595
Walk: 7.7
46797
8.8 mi
Pop: 4,438
$92,000
Walk: 3.5
46785
8.9 mi
Pop: 1,630
$68,958
46774
8.9 mi
Pop: 17,066
$70,758
Walk: 9.6
46706
10.3 mi
Pop: 20,277
$76,288
Walk: 10.1
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