Nursing Care Facilities Market: ZIP 48054
Opportunity Score
57
/ 100
Fair
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 48054 is an urban area with low foot traffic. with a population of 7,200 and household incomes above the national median ($76,992).
Area Profile
7,200
Population
$76,992
Median Income
+3% vs. national
Urban
Area Type
4.0/20
Foot Traffic
Very Car-Dependent
Median Age: 52.0 —
older demographic, may prefer sit-down options.
College-Educated: 17.3% —
value-focused market, keep prices competitive.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,250
2BR Fair Market Rent
$896
Median Gross Rent
$280 K
Median Home Value
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
- Very Car-Dependent
vs. National Average
Median Income
+3% vs. $74,580
Walkability
-6.5 pts vs. national avg
Nearby Markets
48039
5.5 mi
Pop: 7,466
$76,304
Walk: 7.0
48079
6.3 mi
Pop: 12,683
$80,313
Walk: 6.1
48064
9.5 mi
Pop: 3,996
$79,375
Walk: 4.7
48001
9.8 mi
Pop: 11,502
$64,538
Walk: 6.4
48023
10.1 mi
Pop: 4,980
$79,345
Walk: 5.8
48040
10.2 mi
Pop: 9,942
$69,661
Walk: 9.9
48063
12.3 mi
Pop: 4,106
$91,591
Walk: 3.3
48074
12.6 mi
Pop: 9,617
$69,600
Walk: 5.2
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