Nursing Care Facilities Market: ZIP 48066
Opportunity Score
57
/ 100
Fair
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 48066 is an urban area with low foot traffic. with a population of 47,240 and household incomes near the national median ($61,222).
Area Profile
47,240
Population
$61,222
Median Income
-18% vs. national
Urban
Area Type
7.4/20
Foot Traffic
Car-Dependent
Median Age: 40.0 —
older demographic, may prefer sit-down options.
College-Educated: 11.1% —
value-focused market, keep prices competitive.
Competition
Nursing Care Facilities and related businesses in ZIP 48066.
14
Home Health Agencies
3.0 per 10K residents
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,400
2BR Fair Market Rent
$1,175
Median Gross Rent
$140 K
Median Home Value
7
Bank Branches
$920 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
- 14
- Bank Branches
- 7
vs. National Average
Median Income
-18% vs. $74,580
Walkability
-3.1 pts vs. national avg
Nearby Markets
48026
2.2 mi
Pop: 14,604
$61,118
Walk: 7.2
48021
2.9 mi
Pop: 34,003
$58,196
Walk: 9.2
48081
3.0 mi
Pop: 20,254
$75,735
Walk: 7.3
48088
3.3 mi
Pop: 23,443
$79,137
Walk: 7.4
48082
3.7 mi
Pop: 16,164
$76,372
Walk: 6.5
48035
3.9 mi
Pop: 33,619
$69,245
Walk: 7.6
48080
4.0 mi
Pop: 21,799
$69,884
Walk: 8.2
48089
4.8 mi
Pop: 32,126
$53,076
Walk: 8.9
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