Nursing Care Facilities Market: ZIP 48043
Opportunity Score
57
/ 100
Fair
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 48043 is an urban area with low foot traffic. with a population of 15,503 and household incomes near the national median ($57,315).
Area Profile
15,503
Population
$57,315
Median Income
-23% vs. national
Urban
Area Type
7.9/20
Foot Traffic
Car-Dependent
Median Age: 42.4 —
older demographic, may prefer sit-down options.
College-Educated: 13.9% —
value-focused market, keep prices competitive.
Competition
Nursing Care Facilities and related businesses in ZIP 48043.
7
Home Health Agencies
4.5 per 10K residents
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,170
2BR Fair Market Rent
$896
Median Gross Rent
$170 K
Median Home Value
4
Bank Branches
$360 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
- 7
- Bank Branches
- 4
vs. National Average
Median Income
-23% vs. $74,580
Walkability
-2.6 pts vs. national avg
Nearby Markets
48036
2.2 mi
Pop: 22,160
$65,109
Walk: 7.8
48035
3.4 mi
Pop: 33,619
$69,245
Walk: 7.6
48038
4.1 mi
Pop: 44,250
$78,684
Walk: 8.3
48045
4.5 mi
Pop: 24,118
$77,808
Walk: 6.2
48082
4.8 mi
Pop: 16,164
$76,372
Walk: 6.5
48044
4.9 mi
Pop: 58,631
$115,664
Walk: 7.7
48026
6.1 mi
Pop: 14,604
$61,118
Walk: 7.2
48042
6.2 mi
Pop: 33,303
$125,433
Walk: 5.5
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