Nursing Care Facilities Market: ZIP 47334
Opportunity Score
64
/ 100
Good
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 47334 is an urban area. with a population of 3,202 and household incomes near the national median ($73,076).
Area Profile
3,202
Population
$73,076
Median Income
-2% vs. national
Urban
Area Type
Median Age: 43.2 —
older demographic, may prefer sit-down options.
College-Educated: 19.7% —
value-focused market, keep prices competitive.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$930
2BR Fair Market Rent
$823
Median Gross Rent
$170 K
Median Home Value
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
vs. National Average
Median Income
-2% vs. $74,580
Nearby Markets
47356
5.3 mi
Pop: 5,508
$68,654
Walk: 4.8
47396
5.7 mi
Pop: 7,808
$80,490
Walk: 5.8
46017
6.3 mi
Pop: 5,421
$72,468
Walk: 7.6
46012
7.4 mi
Pop: 20,248
$58,538
Walk: 7.6
47388
8.9 mi
Pop: 413
$51,500
Walk: 3.3
47367
9.2 mi
Pop: 105
Walk: 4.5
47304
10.0 mi
Pop: 31,432
$67,756
Walk: 8.9
47386
10.1 mi
Pop: 1,210
$76,430
Walk: 3.3
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