Nursing Care Facilities Market: ZIP 47557
Opportunity Score
46
/ 100
Fair
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 47557 is an suburban area. with a population of 1,360 and household incomes above the national median ($80,833).
Area Profile
1,360
Population
$80,833
Median Income
+8% vs. national
Suburban
Area Type
Median Age: 34.0 —
mixed-age market, broad menu appeal.
College-Educated: 9.7% —
value-focused market, keep prices competitive.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,170
2BR Fair Market Rent
$1,017
Median Gross Rent
$150 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
+8% vs. $74,580
Nearby Markets
47597
5.9 mi
Pop: 849
$68,409
Walk: 3.9
47567
7.8 mi
Pop: 6,187
$64,890
Walk: 8.4
47591
11.7 mi
Pop: 25,191
$57,862
Walk: 9.1
47640
11.7 mi
Pop: 882
$59,775
Walk: 3.4
47573
12.1 mi
Pop: 18
47501
13.2 mi
Pop: 18,335
$60,476
Walk: 9.3
47512
14.5 mi
Pop: 4,216
$60,217
Walk: 7.8
47516
14.9 mi
Pop: 943
$82,083
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