Nursing Care Facilities Market: ZIP 48165
Opportunity Score
92
/ 100
Excellent
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 48165 is an urban area. with a population of 9,141 and household incomes well above the national median ($105,511).
Area Profile
9,141
Population
$105,511
Median Income
+41% vs. national
Urban
Area Type
Median Age: 37.4 —
mixed-age market, broad menu appeal.
College-Educated: 34.3% —
balanced market for quality & value.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,720
2BR Fair Market Rent
$1,583
Median Gross Rent
$350 K
Median Home Value
3
Bank Branches
$280 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.
- The median income here is $105,511. That gives you pricing room most markets don't offer. Don't underprice.
Quick Facts
- Area Type
- Urban
- Bank Branches
- 3
vs. National Average
Median Income
+41% vs. $74,580
Nearby Markets
48381
4.6 mi
Pop: 13,737
$103,156
Walk: 7.8
48178
4.6 mi
Pop: 37,303
$130,781
Walk: 6.4
48393
5.3 mi
Pop: 20,098
$67,194
Walk: 6.8
48380
6.8 mi
Pop: 7,501
$133,224
Walk: 6.0
48374
7.0 mi
Pop: 17,828
$185,203
Walk: 6.7
48167
7.9 mi
Pop: 23,281
$118,378
Walk: 7.8
48168
8.3 mi
Pop: 25,039
$173,671
Walk: 9.7
48382
9.4 mi
Pop: 23,550
$132,602
Walk: 7.5
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