Nursing Care Facilities Market: ZIP 48662
Opportunity Score
38
/ 100
Challenging
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 48662 is an suburban area. with a population of 1,278 and household incomes near the national median ($69,112).
Area Profile
1,278
Population
$69,112
Median Income
-7% vs. national
Suburban
Area Type
Median Age: 46.5 —
older demographic, may prefer sit-down options.
College-Educated: 13.8% —
value-focused market, keep prices competitive.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,050
2BR Fair Market Rent
$130 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
-7% vs. $74,580
Nearby Markets
48615
4.2 mi
Pop: 2,812
$72,656
48637
5.7 mi
Pop: 3,068
$63,900
Walk: 5.7
48880
11.8 mi
Pop: 9,952
$56,108
Walk: 5.6
48614
13.2 mi
Pop: 921
$60,568
48626
13.5 mi
Pop: 5,813
$81,961
Walk: 5.8
48640
13.6 mi
Pop: 32,630
$81,630
Walk: 6.4
48862
13.8 mi
Pop: 39
$48,750
48847
14.1 mi
Pop: 5,773
$63,967
Walk: 4.6
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