Nursing Care Facilities Market: ZIP 47907
Opportunity Score
34
/ 100
Challenging
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 47907 is an urban area with moderate foot traffic.
Area Profile
0
Population
Urban
Area Type
13.3/20
Foot Traffic
Walkable
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,170
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
- Foot Traffic
- Walkable
vs. National Average
Walkability
+2.8 pts vs. national avg
Nearby Markets
47901
1.7 mi
Pop: 4,342
$46,425
47904
2.9 mi
Pop: 16,340
$46,841
Walk: 15.1
47906
6.5 mi
Pop: 74,283
$51,736
Walk: 13.1
47909
6.8 mi
Pop: 42,971
$67,341
Walk: 12.2
47920
9.9 mi
Pop: 2,478
$108,992
47905
10.4 mi
Pop: 42,109
$63,115
Walk: 10.7
47941
10.4 mi
Pop: 1,047
$74,500
Walk: 3.1
47992
11.7 mi
Pop: 1,523
$106,458
Walk: 3.3
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