Nursing Care Facilities Market: ZIP 48850
Opportunity Score
70
/ 100
Good
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 48850 is an rural area. with a population of 4,526 and household incomes near the national median ($65,064).
Area Profile
4,526
Population
$65,064
Median Income
-13% vs. national
Rural
Area Type
Median Age: 39.0 —
mixed-age market, broad menu appeal.
College-Educated: 9.9% —
value-focused market, keep prices competitive.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$930
2BR Fair Market Rent
$665
Median Gross Rent
$170 K
Median Home Value
1
Bank Branches
$35 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.
- This is a rural ZIP. Your customer radius is wider, marketing costs are lower, but you'll work harder for each lead.
Quick Facts
- Area Type
- Rural
- Bank Branches
- 1
vs. National Average
Median Income
-13% vs. $74,580
Nearby Markets
48886
6.1 mi
Pop: 1,529
$66,360
Walk: 5.7
49322
9.1 mi
Pop: 1,222
$69,231
49347
10.9 mi
Pop: 1,496
$87,833
Walk: 3.8
48888
12.7 mi
Pop: 5,905
$55,954
Walk: 4.4
49332
12.8 mi
Pop: 3,352
$58,703
49326
13.5 mi
Pop: 4,126
$78,824
49336
14.0 mi
Pop: 4,727
$54,861
49310
14.7 mi
Pop: 2,989
$63,056
Walk: 5.3
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