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Home ZIP 47326

Nursing Care Facilities Market: ZIP 47326

Opportunity Score
29 / 100 Challenging
Based on walkability, population density, income levels, and local business competition.

Market Summary

ZIP 47326 is an rural area with low foot traffic. with a population of 1,784 and household incomes near the national median ($51,418).

Area Profile

1,784
Population
$51,418
Median Income
-31% vs. national
Rural
Area Type
4.4/20
Foot Traffic
Very Car-Dependent
Median Age: 26.8 — young market, strong street food demand.
College-Educated: 4.9% — value-focused market, keep prices competitive.

Operating Costs

Local cost levels affect space, labor, and operating expenses.

$930
2BR Fair Market Rent
$821
Median Gross Rent

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.
  • This is a rural ZIP. Your customer radius is wider, marketing costs are lower, but you'll work harder for each lead.

Data sources

U.S. Census Bureau (ACS, ZBP) · HUD Fair Market Rents · EPA Walkability Index · USDA RUCA · IRS SOI · FDIC Summary of Deposits