Nursing Care Facilities Market: ZIP 48637
Opportunity Score
47
/ 100
Fair
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 48637 is an urban area with low foot traffic. with a population of 3,068 and household incomes near the national median ($63,900).
Area Profile
3,068
Population
$63,900
Median Income
-14% vs. national
Urban
Area Type
5.7/20
Foot Traffic
Very Car-Dependent
Median Age: 45.8 —
older demographic, may prefer sit-down options.
College-Educated: 11.7% —
value-focused market, keep prices competitive.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$970
2BR Fair Market Rent
$736
Median Gross Rent
$140 K
Median Home Value
1
Bank Branches
$40 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
- Bank Branches
- 1
vs. National Average
Median Income
-14% vs. $74,580
Walkability
-4.8 pts vs. national avg
Nearby Markets
48662
5.7 mi
Pop: 1,278
$69,112
48626
7.9 mi
Pop: 5,813
$81,961
Walk: 5.8
48615
9.6 mi
Pop: 2,812
$72,656
48614
11.5 mi
Pop: 921
$60,568
48640
11.6 mi
Pop: 32,630
$81,630
Walk: 6.4
48655
14.7 mi
Pop: 5,655
$64,615
Walk: 4.1
48623
15.7 mi
Pop: 15,126
$96,371
Walk: 8.5
48880
17.0 mi
Pop: 9,952
$56,108
Walk: 5.6
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