Nursing Care Facilities Market: ZIP 47983
Opportunity Score
22
/ 100
Challenging
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 47983 is an urban area. with a population of 276 and household incomes near the national median ($61,727).
Area Profile
276
Population
$61,727
Median Income
-17% vs. national
Urban
Area Type
Median Age: 43.9 —
older demographic, may prefer sit-down options.
College-Educated: 4.0% —
value-focused market, keep prices competitive.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,190
2BR Fair Market Rent
$100 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
-17% vs. $74,580
Nearby Markets
47930
4.0 mi
Pop: 1,113
$58,906
Walk: 3.1
47941
6.1 mi
Pop: 1,047
$74,500
Walk: 3.1
47909
8.9 mi
Pop: 42,971
$67,341
Walk: 12.2
47955
9.1 mi
Pop: 824
$61,607
Walk: 3.6
46035
9.3 mi
Pop: 1,317
$72,446
47905
9.4 mi
Pop: 42,109
$63,115
Walk: 10.7
46058
10.0 mi
Pop: 2,127
$75,938
47940
11.8 mi
Pop: 1,490
$68,750
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