Nursing Care Facilities Market: ZIP 48215
Opportunity Score
53
/ 100
Fair
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 48215 is an urban area with moderate foot traffic. with a population of 10,238 and household incomes below the national median ($33,741).
Area Profile
10,238
Population
$33,741
Median Income
-55% vs. national
Urban
Area Type
11.5/20
Foot Traffic
Walkable
Median Age: 38.9 —
mixed-age market, broad menu appeal.
College-Educated: 12.8% —
value-focused market, keep prices competitive.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,180
2BR Fair Market Rent
$897
Median Gross Rent
$110 K
Median Home Value
3
Bank Branches
$48 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 $33,741. Price sensitivity is real. Build your model around volume or keep overhead minimal.
Quick Facts
- Area Type
- Urban
- Foot Traffic
- Walkable
- Bank Branches
- 3
vs. National Average
Median Income
-55% vs. $74,580
Walkability
+1.0 pts vs. national avg
Nearby Markets
48230
2.3 mi
Pop: 17,330
$131,155
Walk: 11.1
48214
2.4 mi
Pop: 19,014
$34,807
Walk: 11.9
48224
2.6 mi
Pop: 38,771
$42,963
Walk: 12.6
48213
3.2 mi
Pop: 19,869
$33,755
Walk: 12.2
48205
4.4 mi
Pop: 32,466
$40,612
Walk: 12.8
48207
4.4 mi
Pop: 20,068
$44,561
Walk: 14.9
48225
4.7 mi
Pop: 16,328
$59,248
Walk: 11.1
48236
5.4 mi
Pop: 31,383
$130,776
Walk: 10.5
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