Nursing Care Facilities Market: ZIP 47106
Opportunity Score
82
/ 100
Excellent
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 47106 is an urban area. with a population of 4,583 and household incomes above the national median ($87,431).
Area Profile
4,583
Population
$87,431
Median Income
+17% vs. national
Urban
Area Type
Median Age: 38.9 —
mixed-age market, broad menu appeal.
College-Educated: 13.5% —
value-focused market, keep prices competitive.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,180
2BR Fair Market Rent
$956
Median Gross Rent
$210 K
Median Home Value
1
Bank Branches
$29 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
+17% vs. $74,580
Nearby Markets
47119
6.5 mi
Pop: 11,748
$118,093
47165
7.7 mi
Pop: 6,599
$76,071
Walk: 5.2
47143
8.6 mi
Pop: 3,775
$133,147
47172
9.8 mi
Pop: 20,423
$80,525
Walk: 6.5
47124
9.9 mi
Pop: 5,514
$111,815
47126
10.3 mi
Pop: 4,146
$92,900
47177
11.4 mi
Pop: 1,960
$75,993
Walk: 4.2
47122
12.4 mi
Pop: 11,230
$106,034
Walk: 8.4
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