Nursing Care Facilities Market: ZIP 47435
Opportunity Score
4
/ 100
Challenging
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 47435 is an urban area.
Area Profile
129
Population
Urban
Area Type
Median Age: 68.8 —
older demographic, may prefer sit-down options.
College-Educated: 2.3% —
value-focused market, keep prices competitive.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,220
2BR Fair Market 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.
Quick Facts
- Area Type
- Urban
Nearby Markets
46160
6.2 mi
Pop: 6,416
$72,003
47468
6.9 mi
Pop: 1,195
$81,979
Walk: 3.7
47448
7.2 mi
Pop: 7,719
$65,136
Walk: 4.3
46181
11.3 mi
Pop: 5,094
$85,625
Walk: 5.1
47408
12.1 mi
Pop: 21,660
$45,584
Walk: 13.1
46164
12.2 mi
Pop: 3,991
$92,235
47401
15.2 mi
Pop: 40,084
$65,643
Walk: 12.8
46151
15.9 mi
Pop: 32,339
$77,724
Walk: 9.1
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