Nursing Care Facilities Market: ZIP 48507
Opportunity Score
56
/ 100
Fair
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 48507 is an urban area with low foot traffic. with a population of 28,648 and household incomes below the national median ($47,165).
Area Profile
28,648
Population
$47,165
Median Income
-37% vs. national
Urban
Area Type
9.8/20
Foot Traffic
Very Car-Dependent
Median Age: 36.2 —
mixed-age market, broad menu appeal.
College-Educated: 10.0% —
value-focused market, keep prices competitive.
Competition
Nursing Care Facilities and related businesses in ZIP 48507.
10
Home Health Agencies
3.5 per 10K residents
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$980
2BR Fair Market Rent
$923
Median Gross Rent
$100 K
Median Home Value
5
Bank Branches
$680 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
- Very Car-Dependent
- Related Businesses
- 10
- Bank Branches
- 5
vs. National Average
Median Income
-37% vs. $74,580
Walkability
-0.7 pts vs. national avg
Nearby Markets
48503
2.2 mi
Pop: 22,809
$40,155
Walk: 13.7
48502
3.8 mi
Pop: 1,388
$55,700
48529
4.1 mi
Pop: 8,959
$38,021
Walk: 11.7
48532
6.2 mi
Pop: 19,750
$58,118
Walk: 9.8
48504
6.3 mi
Pop: 23,873
$36,740
Walk: 10.4
48439
6.9 mi
Pop: 52,071
$88,505
Walk: 7.1
48505
7.3 mi
Pop: 18,108
$31,477
Walk: 11.3
48473
7.4 mi
Pop: 22,793
$76,765
Walk: 5.4
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