Nursing Care Facilities Market: ZIP 48302
Opportunity Score
80
/ 100
Excellent
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 48302 is an urban area with low foot traffic. with a population of 17,346 and household incomes well above the national median ($175,698).
Area Profile
17,346
Population
$175,698
Median Income
+136% vs. national
Urban
Area Type
7.7/20
Foot Traffic
Car-Dependent
Median Age: 46.5 —
older demographic, may prefer sit-down options.
College-Educated: 53.3% —
strong appetite for artisan/specialty food.
Competition
Nursing Care Facilities and related businesses in ZIP 48302.
8
Home Health Agencies
4.6 per 10K residents
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,660
2BR Fair Market Rent
$2,048
Median Gross Rent
$620 K
Median Home Value
6
Bank Branches
$1.4 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 $175,698. That gives you pricing room most markets don't offer. Don't underprice.
Quick Facts
- Area Type
- Urban
- Foot Traffic
- Car-Dependent
- Related Businesses
- 8
- Bank Branches
- 6
vs. National Average
Median Income
+136% vs. $74,580
Walkability
-2.8 pts vs. national avg
Nearby Markets
48301
3.1 mi
Pop: 14,749
$163,571
Walk: 7.7
48320
3.1 mi
Pop: 4,257
$77,700
Walk: 9.5
48341
3.2 mi
Pop: 19,060
$46,185
Walk: 8.1
48342
4.8 mi
Pop: 17,227
$33,750
Walk: 7.3
48304
5.0 mi
Pop: 17,436
$140,700
Walk: 7.1
48025
5.1 mi
Pop: 14,755
$177,126
Walk: 7.7
48323
5.1 mi
Pop: 17,043
$139,418
Walk: 7.6
48034
5.9 mi
Pop: 15,213
$59,634
Walk: 7.4
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