Nursing Care Facilities Market: ZIP 48357
Opportunity Score
67
/ 100
Good
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 48357 is an urban area with low foot traffic. with a population of 8,523 and household incomes above the national median ($94,656).
Area Profile
8,523
Population
$94,656
Median Income
+27% vs. national
Urban
Area Type
5.9/20
Foot Traffic
Very Car-Dependent
Median Age: 46.8 —
older demographic, may prefer sit-down options.
College-Educated: 19.8% —
value-focused market, keep prices competitive.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,240
2BR Fair Market Rent
$1,121
Median Gross Rent
$330 K
Median Home Value
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
vs. National Average
Median Income
+27% vs. $74,580
Walkability
-4.6 pts vs. national avg
Nearby Markets
48356
3.7 mi
Pop: 8,017
$103,708
Walk: 5.4
48353
4.8 mi
Pop: 6,850
$97,163
48380
5.4 mi
Pop: 7,501
$133,224
Walk: 6.0
48381
7.9 mi
Pop: 13,737
$103,156
Walk: 7.8
48383
8.3 mi
Pop: 13,291
$98,617
Walk: 5.0
48430
9.3 mi
Pop: 38,731
$99,755
Walk: 6.2
48350
9.7 mi
Pop: 7,866
$108,568
48114
9.8 mi
Pop: 21,476
$118,581
Walk: 6.0
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