ElderCareCost
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Home ZIP 48604

Nursing Care Facilities Market: ZIP 48604

Opportunity Score
56 / 100 Fair
Based on walkability, population density, income levels, and local business competition.

Market Summary

ZIP 48604 is an urban area with low foot traffic. with a population of 11,284 and household incomes near the national median ($53,804).

Area Profile

11,284
Population
$53,804
Median Income
-28% vs. national
Urban
Area Type
8.0/20
Foot Traffic
Car-Dependent
Median Age: 26.8 — young market, strong street food demand.
College-Educated: 12.6% — value-focused market, keep prices competitive.

Competition

Nursing Care Facilities and related businesses in ZIP 48604.

11
Home Health Agencies
9.7 per 10K residents

Operating Costs

Local cost levels affect space, labor, and operating expenses.

$1,090
2BR Fair Market Rent
$928
Median Gross Rent
$93 K
Median Home Value
6
Bank Branches
$580 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.

Data sources

U.S. Census Bureau (ACS, ZBP) · HUD Fair Market Rents · EPA Walkability Index · USDA RUCA · IRS SOI · FDIC Summary of Deposits