Nursing Care Facilities Market: ZIP 48187
Opportunity Score
79
/ 100
Good
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 48187 is an urban area with low foot traffic. with a population of 52,710 and household incomes well above the national median ($117,980).
Area Profile
52,710
Population
$117,980
Median Income
+58% vs. national
Urban
Area Type
8.3/20
Foot Traffic
Car-Dependent
Median Age: 40.2 —
older demographic, may prefer sit-down options.
College-Educated: 36.6% —
balanced market for quality & value.
Competition
Nursing Care Facilities and related businesses in ZIP 48187.
7
Home Health Agencies
1.3 per 10K residents
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,600
2BR Fair Market Rent
$1,435
Median Gross Rent
$340 K
Median Home Value
10
Bank Branches
$1.8 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.
- The median income here is $117,980. That gives you pricing room most markets don't offer. Don't underprice.
Quick Facts
- Area Type
- Urban
- Foot Traffic
- Car-Dependent
- Related Businesses
- 7
- Bank Branches
- 10
vs. National Average
Median Income
+58% vs. $74,580
Walkability
-2.2 pts vs. national avg
Nearby Markets
48188
2.7 mi
Pop: 45,522
$118,037
Walk: 7.7
48170
4.5 mi
Pop: 40,573
$109,442
Walk: 8.8
48168
6.8 mi
Pop: 25,039
$173,671
Walk: 9.7
48185
6.9 mi
Pop: 48,364
$59,085
Walk: 7.9
48184
7.0 mi
Pop: 17,436
$54,572
Walk: 7.9
48167
7.9 mi
Pop: 23,281
$118,378
Walk: 7.8
48198
7.9 mi
Pop: 39,507
$63,678
Walk: 10.4
48150
8.0 mi
Pop: 26,749
$94,058
Walk: 8.3
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