Nursing Care Facilities Market: ZIP 47809
Opportunity Score
40
/ 100
Fair
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 47809 is an urban area.
Area Profile
1,554
Population
Urban
Area Type
Median Age: 19.3 —
young market, strong street food demand.
College-Educated: 0.0% —
value-focused market, keep prices competitive.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,010
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
47807
0.5 mi
Pop: 13,028
$24,389
Walk: 15.2
47804
2.3 mi
Pop: 10,642
$38,036
Walk: 13.6
47876
4.4 mi
Pop: 361
47885
5.2 mi
Pop: 9,287
$66,203
Walk: 6.5
47803
7.1 mi
Pop: 21,702
$59,306
Walk: 11.9
47805
7.7 mi
Pop: 12,809
$69,716
Walk: 9.8
47863
8.1 mi
Pop: 198
47802
8.3 mi
Pop: 33,192
$58,880
Walk: 16.4
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