Nursing Care Facilities Market: ZIP 48026
Opportunity Score
57
/ 100
Fair
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 48026 is an urban area with low foot traffic. with a population of 14,604 and household incomes near the national median ($61,118).
Area Profile
14,604
Population
$61,118
Median Income
-18% vs. national
Urban
Area Type
7.2/20
Foot Traffic
Car-Dependent
Median Age: 41.6 —
older demographic, may prefer sit-down options.
College-Educated: 15.1% —
value-focused market, keep prices competitive.
Competition
Nursing Care Facilities and related businesses in ZIP 48026.
4
Home Health Agencies
2.7 per 10K residents
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,170
2BR Fair Market Rent
$827
Median Gross Rent
$190 K
Median Home Value
2
Bank Branches
$440 K deposits
Tips for Starting a Elder Care Business in Michigan
- 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
- Car-Dependent
- Related Businesses
- 4
- Bank Branches
- 2
vs. National Average
Median Income
-18% vs. $74,580
Walkability
-3.3 pts vs. national avg
Nearby Markets
48066
2.2 mi
Pop: 47,240
$61,222
Walk: 7.4
48088
2.9 mi
Pop: 23,443
$79,137
Walk: 7.4
48035
3.0 mi
Pop: 33,619
$69,245
Walk: 7.6
48082
4.2 mi
Pop: 16,164
$76,372
Walk: 6.5
48312
4.5 mi
Pop: 35,026
$71,266
Walk: 7.3
48081
4.6 mi
Pop: 20,254
$75,735
Walk: 7.3
48038
4.6 mi
Pop: 44,250
$78,684
Walk: 8.3
48036
4.7 mi
Pop: 22,160
$65,109
Walk: 7.8
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