Nursing Care Facilities Market: ZIP 48614
Opportunity Score
28
/ 100
Challenging
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 48614 is an suburban area. with a population of 921 and household incomes near the national median ($60,568).
Area Profile
921
Population
$60,568
Median Income
-19% vs. national
Suburban
Area Type
Median Age: 51.2 —
older demographic, may prefer sit-down options.
College-Educated: 8.0% —
value-focused market, keep prices competitive.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,060
2BR Fair Market Rent
$817
Median Gross Rent
$120 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
- Suburban
vs. National Average
Median Income
-19% vs. $74,580
Nearby Markets
48649
8.9 mi
Pop: 1,476
$68,288
Walk: 6.2
48655
10.0 mi
Pop: 5,655
$64,615
Walk: 4.1
48807
10.0 mi
Pop: 706
$59,468
48841
10.4 mi
Pop: 643
$55,875
Walk: 3.5
48637
11.5 mi
Pop: 3,068
$63,900
Walk: 5.7
48831
11.8 mi
Pop: 3,282
$61,800
48626
12.9 mi
Pop: 5,813
$81,961
Walk: 5.8
48662
13.2 mi
Pop: 1,278
$69,112
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