Nursing Care Facilities Market: ZIP 47612
Opportunity Score
30
/ 100
Challenging
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 47612 is an urban area. with a population of 784 and household incomes near the national median ($66,750).
Area Profile
784
Population
$66,750
Median Income
-10% vs. national
Urban
Area Type
Median Age: 35.3 —
mixed-age market, broad menu appeal.
College-Educated: 12.5% —
value-focused market, keep prices competitive.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$970
2BR Fair Market Rent
$493
Median Gross Rent
$110 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
-10% vs. $74,580
Nearby Markets
47633
6.1 mi
Pop: 2,402
$71,136
47665
6.5 mi
Pop: 4,053
$67,697
47639
9.3 mi
Pop: 4,633
$90,985
47720
10.0 mi
Pop: 17,103
$76,968
Walk: 6.9
47638
10.4 mi
Pop: 3,766
$84,311
Walk: 5.6
47648
11.0 mi
Pop: 4,453
$68,068
47670
13.5 mi
Pop: 11,638
$65,873
Walk: 6.5
47725
13.6 mi
Pop: 19,436
$105,528
Walk: 4.8
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