Nursing Care Facilities Market: ZIP 48326
Opportunity Score
64
/ 100
Good
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 48326 is an urban area with low foot traffic. with a population of 24,488 and household incomes above the national median ($79,468).
Area Profile
24,488
Population
$79,468
Median Income
+7% vs. national
Urban
Area Type
7.4/20
Foot Traffic
Car-Dependent
Median Age: 37.1 —
mixed-age market, broad menu appeal.
College-Educated: 34.7% —
balanced market for quality & value.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,570
2BR Fair Market Rent
$1,411
Median Gross Rent
$240 K
Median Home Value
6
Bank Branches
$910 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
- Car-Dependent
- Bank Branches
- 6
vs. National Average
Median Income
+7% vs. $74,580
Walkability
-3.1 pts vs. national avg
Nearby Markets
48359
3.1 mi
Pop: 10,424
$94,618
Walk: 7.7
48340
3.2 mi
Pop: 25,696
$46,474
Walk: 7.2
48342
3.7 mi
Pop: 17,227
$33,750
Walk: 7.3
48360
4.2 mi
Pop: 12,250
$135,701
Walk: 6.5
48309
4.5 mi
Pop: 30,254
$117,788
Walk: 7.0
48341
5.4 mi
Pop: 19,060
$46,185
Walk: 8.1
48362
6.7 mi
Pop: 14,746
$108,667
Walk: 7.3
48304
6.9 mi
Pop: 17,436
$140,700
Walk: 7.1
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