Nursing Care Facilities Market: ZIP 48209
Opportunity Score
59
/ 100
Fair
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 48209 is an urban area with moderate foot traffic. with a population of 27,534 and household incomes below the national median ($42,152).
Area Profile
27,534
Population
$42,152
Median Income
-43% vs. national
Urban
Area Type
13.1/20
Foot Traffic
Walkable
Median Age: 30.3 —
mixed-age market, broad menu appeal.
College-Educated: 5.4% —
value-focused market, keep prices competitive.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,170
2BR Fair Market Rent
$843
Median Gross Rent
$83 K
Median Home Value
4
Bank Branches
$300 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.
- Median income sits at $42,152. Price sensitivity is real. Build your model around volume or keep overhead minimal.
Quick Facts
- Area Type
- Urban
- Foot Traffic
- Walkable
- Bank Branches
- 4
vs. National Average
Median Income
-43% vs. $74,580
Walkability
+2.6 pts vs. national avg
Nearby Markets
48210
2.2 mi
Pop: 26,925
$38,900
Walk: 12.4
48218
2.6 mi
Pop: 7,096
$32,683
Walk: 11.2
48216
3.0 mi
Pop: 5,681
$42,278
Walk: 14.2
48120
3.2 mi
Pop: 8,771
$66,667
Walk: 4.2
48217
3.2 mi
Pop: 6,437
$46,671
Walk: 11.7
48208
3.4 mi
Pop: 7,904
$29,742
Walk: 14.2
48233
3.9 mi
Pop: 0
Walk: 16.5
48229
4.2 mi
Pop: 9,166
$45,148
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