Nursing Care Facilities Market: ZIP 48323
Opportunity Score
79
/ 100
Good
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 48323 is an urban area with low foot traffic. with a population of 17,043 and household incomes well above the national median ($139,418).
Area Profile
17,043
Population
$139,418
Median Income
+87% vs. national
Urban
Area Type
7.6/20
Foot Traffic
Car-Dependent
Median Age: 46.6 —
older demographic, may prefer sit-down options.
College-Educated: 43.8% —
strong appetite for artisan/specialty food.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,820
2BR Fair Market Rent
$1,776
Median Gross Rent
$470 K
Median Home Value
4
Bank Branches
$600 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.
- The median income here is $139,418. That gives you pricing room most markets don't offer. Don't underprice.
Quick Facts
- Area Type
- Urban
- Foot Traffic
- Car-Dependent
- Bank Branches
- 4
vs. National Average
Median Income
+87% vs. $74,580
Walkability
-2.9 pts vs. national avg
Nearby Markets
48324
2.0 mi
Pop: 16,631
$148,750
Walk: 7.5
48322
2.3 mi
Pop: 33,197
$118,001
Walk: 7.8
48320
4.0 mi
Pop: 4,257
$77,700
Walk: 9.5
48334
5.0 mi
Pop: 19,218
$98,937
Walk: 8.4
48302
5.1 mi
Pop: 17,346
$175,698
Walk: 7.7
48331
5.2 mi
Pop: 22,033
$121,101
Walk: 7.8
48327
5.2 mi
Pop: 20,843
$75,512
Walk: 6.7
48328
5.6 mi
Pop: 25,409
$69,788
Walk: 6.9
Check Another Market
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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