Nursing Care Facilities Market: ZIP 47345
Opportunity Score
40
/ 100
Fair
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 47345 is an suburban area. with a population of 1,465 and household incomes near the national median ($69,274).
Area Profile
1,465
Population
$69,274
Median Income
-7% vs. national
Suburban
Area Type
Median Age: 39.0 —
mixed-age market, broad menu appeal.
College-Educated: 9.9% —
value-focused market, keep prices competitive.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,020
2BR Fair Market Rent
$859
Median Gross Rent
$140 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
- Suburban
vs. National Average
Median Income
-7% vs. $74,580
Nearby Markets
47339
3.4 mi
Pop: 450
$43,125
47393
6.2 mi
Pop: 1,595
$83,192
Walk: 3.4
47370
7.7 mi
Pop: 145
$39,583
Walk: 7.1
47330
7.9 mi
Pop: 5,346
$64,969
Walk: 6.4
47346
7.9 mi
Pop: 4,123
$69,180
Walk: 7.0
47392
8.1 mi
Pop: 230
$76,790
47327
9.2 mi
Pop: 4,384
$58,988
47357
11.5 mi
Pop: 1,184
$97,544
Walk: 3.7
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