Nursing Care Facilities Market: ZIP 48821
Opportunity Score
90
/ 100
Excellent
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 48821 is an urban area. with a population of 6,180 and household incomes well above the national median ($103,652).
Area Profile
6,180
Population
$103,652
Median Income
+39% vs. national
Urban
Area Type
Median Age: 47.0 —
older demographic, may prefer sit-down options.
College-Educated: 27.6% —
balanced market for quality & value.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,220
2BR Fair Market Rent
$1,003
Median Gross Rent
$240 K
Median Home Value
1
Bank Branches
$29 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.
- The median income here is $103,652. That gives you pricing room most markets don't offer. Don't underprice.
Quick Facts
- Area Type
- Urban
- Bank Branches
- 1
vs. National Average
Median Income
+39% vs. $74,580
Nearby Markets
48876
5.7 mi
Pop: 4,301
$72,895
Walk: 6.5
48911
5.8 mi
Pop: 40,407
$54,882
Walk: 9.1
48917
5.9 mi
Pop: 32,029
$73,259
Walk: 10.9
48842
7.7 mi
Pop: 21,504
$86,830
Walk: 12.5
48915
8.8 mi
Pop: 9,315
$51,653
Walk: 14.6
48933
9.0 mi
Pop: 3,349
$36,895
Walk: 13.7
48827
9.1 mi
Pop: 16,070
$76,230
Walk: 4.7
48910
9.5 mi
Pop: 32,801
$52,154
Walk: 13.0
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