Nursing Care Facilities Market: ZIP 48417
Opportunity Score
50
/ 100
Fair
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 48417 is an urban area. with a population of 2,310 and household incomes near the national median ($70,280).
Area Profile
2,310
Population
$70,280
Median Income
-6% vs. national
Urban
Area Type
Median Age: 49.0 —
older demographic, may prefer sit-down options.
College-Educated: 5.5% —
value-focused market, keep prices competitive.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,130
2BR Fair Market Rent
$875
Median Gross Rent
$160 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
vs. National Average
Median Income
-6% vs. $74,580
Nearby Markets
48457
5.8 mi
Pop: 8,694
$64,583
Walk: 4.7
48722
8.8 mi
Pop: 3,147
$68,777
Walk: 5.0
48415
9.1 mi
Pop: 8,601
$76,311
48601
9.8 mi
Pop: 32,069
$37,830
Walk: 6.6
48460
10.0 mi
Pop: 2,727
$81,146
Walk: 5.3
48602
11.2 mi
Pop: 27,490
$46,068
Walk: 8.2
48607
11.8 mi
Pop: 1,523
$39,211
Walk: 9.1
48638
12.2 mi
Pop: 12,668
$63,444
Walk: 6.6
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