Nursing Care Facilities Market: ZIP 48463
Opportunity Score
72
/ 100
Good
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 48463 is an urban area. with a population of 4,536 and household incomes near the national median ($69,893).
Area Profile
4,536
Population
$69,893
Median Income
-6% vs. national
Urban
Area Type
Median Age: 46.6 —
older demographic, may prefer sit-down options.
College-Educated: 13.4% —
value-focused market, keep prices competitive.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,170
2BR Fair Market Rent
$835
Median Gross Rent
$180 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
48746
6.7 mi
Pop: 8,148
$67,879
Walk: 3.8
48464
7.6 mi
Pop: 1,986
$64,464
Walk: 2.6
48437
7.7 mi
Pop: 399
$38,553
48421
8.7 mi
Pop: 6,488
$69,597
48423
8.7 mi
Pop: 33,508
$64,096
Walk: 6.3
48506
9.9 mi
Pop: 24,538
$44,416
Walk: 9.6
48509
10.9 mi
Pop: 9,532
$64,385
Walk: 9.8
48458
11.5 mi
Pop: 19,411
$43,496
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