ElderCareCost
Showing results for ZIP 67357 (KS)
Home ZIP 48186

Nursing Care Facilities Market: ZIP 48186

Opportunity Score
59 / 100 Fair
Based on walkability, population density, income levels, and local business competition.

Market Summary

ZIP 48186 is an urban area with low foot traffic. with a population of 35,791 and household incomes near the national median ($67,203).

Area Profile

35,791
Population
$67,203
Median Income
-10% vs. national
Urban
Area Type
7.4/20
Foot Traffic
Car-Dependent
Median Age: 37.4 — mixed-age market, broad menu appeal.
College-Educated: 13.0% — value-focused market, keep prices competitive.

Competition

Nursing Care Facilities and related businesses in ZIP 48186.

4
Home Health Agencies
1.1 per 10K residents

Operating Costs

Local cost levels affect space, labor, and operating expenses.

$1,330
2BR Fair Market Rent
$1,083
Median Gross Rent
$170 K
Median Home Value
3
Bank Branches
$290 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.

Data sources

U.S. Census Bureau (ACS, ZBP) · HUD Fair Market Rents · EPA Walkability Index · USDA RUCA · IRS SOI · FDIC Summary of Deposits