Nursing Care Facilities Market: ZIP 48386
Opportunity Score
67
/ 100
Good
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 48386 is an urban area with low foot traffic. with a population of 17,860 and household incomes above the national median ($90,805).
Area Profile
17,860
Population
$90,805
Median Income
+22% vs. national
Urban
Area Type
6.1/20
Foot Traffic
Car-Dependent
Median Age: 46.2 —
older demographic, may prefer sit-down options.
College-Educated: 24.5% —
value-focused market, keep prices competitive.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,680
2BR Fair Market Rent
$1,480
Median Gross Rent
$300 K
Median Home Value
2
Bank Branches
$210 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
- 2
vs. National Average
Median Income
+22% vs. $74,580
Walkability
-4.4 pts vs. national avg
Nearby Markets
48383
3.2 mi
Pop: 13,291
$98,617
Walk: 5.0
48327
5.0 mi
Pop: 20,843
$75,512
Walk: 6.7
48346
5.3 mi
Pop: 22,954
$97,857
Walk: 7.7
48382
5.8 mi
Pop: 23,550
$132,602
Walk: 7.5
48350
6.5 mi
Pop: 7,866
$108,568
48329
6.6 mi
Pop: 24,022
$85,777
Walk: 6.3
48324
7.5 mi
Pop: 16,631
$148,750
Walk: 7.5
48390
7.6 mi
Pop: 24,118
$89,411
Walk: 8.2
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