Nursing Care Facilities Market: ZIP 47564
Opportunity Score
34
/ 100
Challenging
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 47564 is an suburban area. with a population of 1,500 and household incomes near the national median ($59,125).
Area Profile
1,500
Population
$59,125
Median Income
-21% vs. national
Suburban
Area Type
Median Age: 30.4 —
mixed-age market, broad menu appeal.
College-Educated: 6.4% —
value-focused market, keep prices competitive.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$980
2BR Fair Market Rent
$932
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
-21% vs. $74,580
Nearby Markets
47590
9.6 mi
Pop: 550
$104,250
Walk: 4.7
47598
10.0 mi
Pop: 2,908
$65,893
Walk: 3.4
47519
10.8 mi
Pop: 401
$106,125
47558
11.3 mi
Pop: 5,252
$88,154
Walk: 5.3
47546
12.2 mi
Pop: 22,376
$67,806
Walk: 8.8
47501
13.5 mi
Pop: 18,335
$60,476
Walk: 9.3
47567
14.4 mi
Pop: 6,187
$64,890
Walk: 8.4
47542
15.5 mi
Pop: 10,034
$74,205
Walk: 7.3
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