Nursing Care Facilities Market: ZIP 48367
Opportunity Score
92
/ 100
Excellent
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 48367 is an urban area. with a population of 4,548 and household incomes well above the national median ($104,000).
Area Profile
4,548
Population
$104,000
Median Income
+39% vs. national
Urban
Area Type
Median Age: 47.1 —
older demographic, may prefer sit-down options.
College-Educated: 26.1% —
balanced market for quality & value.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,360
2BR Fair Market Rent
$1,133
Median Gross Rent
$390 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.
- The median income here is $104,000. That gives you pricing room most markets don't offer. Don't underprice.
Quick Facts
- Area Type
- Urban
vs. National Average
Median Income
+39% vs. $74,580
Nearby Markets
48370
3.8 mi
Pop: 1,845
$121,417
Walk: 4.8
48363
4.7 mi
Pop: 7,434
$173,056
Walk: 6.1
48065
6.8 mi
Pop: 11,344
$104,348
Walk: 7.3
48428
7.1 mi
Pop: 5,322
$97,596
Walk: 4.6
48095
7.3 mi
Pop: 5,682
$121,713
Walk: 6.4
48306
7.8 mi
Pop: 27,831
$165,545
Walk: 5.9
48094
9.2 mi
Pop: 20,638
$96,781
Walk: 7.3
48003
9.3 mi
Pop: 6,045
$88,533
Walk: 8.9
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