Nursing Care Facilities Market: ZIP 48342
Opportunity Score
47
/ 100
Fair
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 48342 is an urban area with low foot traffic. with a population of 17,227 and household incomes below the national median ($33,750).
Area Profile
17,227
Population
$33,750
Median Income
-55% vs. national
Urban
Area Type
7.3/20
Foot Traffic
Car-Dependent
Median Age: 34.1 —
mixed-age market, broad menu appeal.
College-Educated: 6.1% —
value-focused market, keep prices competitive.
Competition
Nursing Care Facilities and related businesses in ZIP 48342.
3
Home Health Agencies
1.7 per 10K residents
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,220
2BR Fair Market Rent
$851
Median Gross Rent
$91 K
Median Home Value
2
Bank Branches
$45 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 $33,750. Price sensitivity is real. Build your model around volume or keep overhead minimal.
Quick Facts
- Area Type
- Urban
- Foot Traffic
- Car-Dependent
- Related Businesses
- 3
- Bank Branches
- 2
vs. National Average
Median Income
-55% vs. $74,580
Walkability
-3.2 pts vs. national avg
Nearby Markets
48341
1.7 mi
Pop: 19,060
$46,185
Walk: 8.1
48340
2.1 mi
Pop: 25,696
$46,474
Walk: 7.2
48326
3.7 mi
Pop: 24,488
$79,468
Walk: 7.4
48304
4.8 mi
Pop: 17,436
$140,700
Walk: 7.1
48302
4.8 mi
Pop: 17,346
$175,698
Walk: 7.7
48320
4.9 mi
Pop: 4,257
$77,700
Walk: 9.5
48359
5.3 mi
Pop: 10,424
$94,618
Walk: 7.7
48328
6.1 mi
Pop: 25,409
$69,788
Walk: 6.9
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