Nursing Care Facilities Market: ZIP 48360
Opportunity Score
77
/ 100
Good
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 48360 is an urban area with low foot traffic. with a population of 12,250 and household incomes well above the national median ($135,701).
Area Profile
12,250
Population
$135,701
Median Income
+82% vs. national
Urban
Area Type
6.5/20
Foot Traffic
Car-Dependent
Median Age: 41.0 —
older demographic, may prefer sit-down options.
College-Educated: 44.3% —
strong appetite for artisan/specialty food.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,560
2BR Fair Market Rent
$1,377
Median Gross Rent
$360 K
Median Home Value
4
Bank Branches
$330 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 $135,701. 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
+82% vs. $74,580
Walkability
-4.0 pts vs. national avg
Nearby Markets
48359
2.1 mi
Pop: 10,424
$94,618
Walk: 7.7
48362
2.5 mi
Pop: 14,746
$108,667
Walk: 7.3
48326
4.2 mi
Pop: 24,488
$79,468
Walk: 7.4
48340
5.5 mi
Pop: 25,696
$46,474
Walk: 7.2
48371
7.0 mi
Pop: 26,120
$108,983
Walk: 6.3
48363
7.0 mi
Pop: 7,434
$173,056
Walk: 6.1
48342
7.2 mi
Pop: 17,227
$33,750
Walk: 7.3
48370
8.0 mi
Pop: 1,845
$121,417
Walk: 4.8
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