Nursing Care Facilities Market: ZIP 48861
Opportunity Score
56
/ 100
Fair
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 48861 is an urban area. with a population of 1,852 and household incomes above the national median ($88,056).
Area Profile
1,852
Population
$88,056
Median Income
+18% vs. national
Urban
Area Type
Median Age: 46.8 —
older demographic, may prefer sit-down options.
College-Educated: 25.1% —
balanced market for quality & value.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,140
2BR Fair Market Rent
$1,051
Median Gross Rent
$170 K
Median Home Value
1
Bank Branches
$20 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
- Bank Branches
- 1
vs. National Average
Median Income
+18% vs. $74,580
Nearby Markets
48890
4.4 mi
Pop: 1,967
$66,833
Walk: 5.0
49096
9.0 mi
Pop: 3,196
$74,813
Walk: 3.8
48875
9.2 mi
Pop: 11,090
$92,457
48837
10.0 mi
Pop: 19,822
$93,161
Walk: 7.2
48813
11.8 mi
Pop: 20,263
$77,431
Walk: 7.2
48822
12.8 mi
Pop: 2,410
$91,429
48876
13.8 mi
Pop: 4,301
$72,895
Walk: 6.5
48897
14.9 mi
Pop: 1,687
$69,674
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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