Nursing Care Facilities Market: ZIP 48105
Opportunity Score
77
/ 100
Good
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 48105 is an urban area with moderate foot traffic. with a population of 36,959 and household incomes above the national median ($94,737).
Area Profile
36,959
Population
$94,737
Median Income
+27% vs. national
Urban
Area Type
12.1/20
Foot Traffic
Walkable
Median Age: 31.8 —
mixed-age market, broad menu appeal.
College-Educated: 52.0% —
strong appetite for artisan/specialty food.
Competition
Nursing Care Facilities and related businesses in ZIP 48105.
4
Home Health Agencies
1.1 per 10K residents
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,860
2BR Fair Market Rent
$1,603
Median Gross Rent
$490 K
Median Home Value
7
Bank Branches
$1.1 M 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
- Walkable
- Related Businesses
- 4
- Bank Branches
- 7
vs. National Average
Median Income
+27% vs. $74,580
Walkability
+1.6 pts vs. national avg
Nearby Markets
48109
2.6 mi
Pop: 5,722
Walk: 14.6
48104
4.7 mi
Pop: 43,762
$63,341
Walk: 13.2
48108
7.7 mi
Pop: 27,472
$80,425
Walk: 12.7
48189
8.2 mi
Pop: 13,748
$82,433
Walk: 5.4
48198
8.4 mi
Pop: 39,507
$63,678
Walk: 10.4
48178
8.5 mi
Pop: 37,303
$130,781
Walk: 6.4
48197
10.0 mi
Pop: 65,911
$70,913
Walk: 9.8
48103
11.3 mi
Pop: 54,635
$115,513
Walk: 11.3
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