Nursing Care Facilities Market: ZIP 48039
Opportunity Score
63
/ 100
Good
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 48039 is an urban area with low foot traffic. with a population of 7,466 and household incomes above the national median ($76,304).
Area Profile
7,466
Population
$76,304
Median Income
+2% vs. national
Urban
Area Type
7.0/20
Foot Traffic
Car-Dependent
Median Age: 46.8 —
older demographic, may prefer sit-down options.
College-Educated: 14.8% —
value-focused market, keep prices competitive.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,170
2BR Fair Market Rent
$879
Median Gross Rent
$170 K
Median Home Value
2
Bank Branches
$190 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
- Bank Branches
- 2
vs. National Average
Median Income
+2% vs. $74,580
Walkability
-3.5 pts vs. national avg
Nearby Markets
48001
4.4 mi
Pop: 11,502
$64,538
Walk: 6.4
48054
5.5 mi
Pop: 7,200
$76,992
Walk: 4.0
48023
7.8 mi
Pop: 4,980
$79,345
Walk: 5.8
48028
9.2 mi
Pop: 1,058
$106,765
Walk: 4.4
48064
9.7 mi
Pop: 3,996
$79,375
Walk: 4.7
48079
11.5 mi
Pop: 12,683
$80,313
Walk: 6.1
48063
14.9 mi
Pop: 4,106
$91,591
Walk: 3.3
48040
15.7 mi
Pop: 9,942
$69,661
Walk: 9.9
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