Nursing Care Facilities Market: ZIP 48237
Opportunity Score
61
/ 100
Good
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 48237 is an urban area with low foot traffic. with a population of 29,370 and household incomes near the national median ($65,882).
Area Profile
29,370
Population
$65,882
Median Income
-12% vs. national
Urban
Area Type
9.1/20
Foot Traffic
Very Car-Dependent
Median Age: 37.9 —
mixed-age market, broad menu appeal.
College-Educated: 29.1% —
balanced market for quality & value.
Competition
Nursing Care Facilities and related businesses in ZIP 48237.
10
Home Health Agencies
3.4 per 10K residents
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,660
2BR Fair Market Rent
$1,354
Median Gross Rent
$200 K
Median Home Value
3
Bank Branches
$250 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
- Very Car-Dependent
- Related Businesses
- 10
- Bank Branches
- 3
vs. National Average
Median Income
-12% vs. $74,580
Walkability
-1.4 pts vs. national avg
Nearby Markets
48070
1.5 mi
Pop: 6,322
$188,229
Walk: 9.2
48072
2.3 mi
Pop: 15,084
$113,103
Walk: 9.7
48235
2.7 mi
Pop: 46,960
$41,011
Walk: 13.1
48069
2.7 mi
Pop: 2,607
$161,058
Walk: 7.7
48220
3.3 mi
Pop: 21,502
$86,095
Walk: 10.2
48075
3.3 mi
Pop: 23,158
$67,630
Walk: 10.9
48221
3.5 mi
Pop: 41,750
$55,583
Walk: 12.9
48067
3.6 mi
Pop: 24,496
$107,355
Walk: 9.1
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