Nursing Care Facilities Market: ZIP 48174
Opportunity Score
57
/ 100
Fair
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 48174 is an urban area with low foot traffic. with a population of 31,809 and household incomes near the national median ($65,675).
Area Profile
31,809
Population
$65,675
Median Income
-12% vs. national
Urban
Area Type
6.3/20
Foot Traffic
Car-Dependent
Median Age: 38.0 —
mixed-age market, broad menu appeal.
College-Educated: 11.5% —
value-focused market, keep prices competitive.
Competition
Nursing Care Facilities and related businesses in ZIP 48174.
3
Home Health Agencies
0.9 per 10K residents
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,310
2BR Fair Market Rent
$1,053
Median Gross Rent
$150 K
Median Home Value
1
Bank Branches
$65 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
- 3
- Bank Branches
- 1
vs. National Average
Median Income
-12% vs. $74,580
Walkability
-4.2 pts vs. national avg
Nearby Markets
48184
2.6 mi
Pop: 17,436
$54,572
Walk: 7.9
48242
2.9 mi
Pop: 0
Walk: 5.8
48186
4.2 mi
Pop: 35,791
$67,203
Walk: 7.4
48141
6.3 mi
Pop: 25,602
$39,632
Walk: 6.9
48185
6.7 mi
Pop: 48,364
$59,085
Walk: 7.9
48135
7.0 mi
Pop: 26,910
$64,396
Walk: 8.4
48164
7.3 mi
Pop: 9,577
$111,173
Walk: 4.8
48188
7.4 mi
Pop: 45,522
$118,037
Walk: 7.7
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