ElderCareCost
Showing results for ZIP 39455 (MS)
Home ZIP 48864

Nursing Care Facilities Market: ZIP 48864

Opportunity Score
80 / 100 Excellent
Based on walkability, population density, income levels, and local business competition.

Market Summary

ZIP 48864 is an urban area with low foot traffic. with a population of 23,548 and household incomes well above the national median ($113,145).

Area Profile

23,548
Population
$113,145
Median Income
+52% vs. national
Urban
Area Type
9.3/20
Foot Traffic
Very Car-Dependent
Median Age: 37.5 — mixed-age market, broad menu appeal.
College-Educated: 50.0% — strong appetite for artisan/specialty food.

Competition

Nursing Care Facilities and related businesses in ZIP 48864.

7
Home Health Agencies
3.0 per 10K residents

Operating Costs

Local cost levels affect space, labor, and operating expenses.

$1,330
2BR Fair Market Rent
$1,281
Median Gross Rent
$360 K
Median Home Value
11
Bank Branches
$1.1 M 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 $113,145. That gives you pricing room most markets don't offer. Don't underprice.

Quick Facts

Area Type
Urban
Foot Traffic
Very Car-Dependent
Related Businesses
7
Bank Branches
11

vs. National Average

Median Income
+52% vs. $74,580
Walkability
-1.2 pts vs. national avg

Check Another Market

Or estimate costs with the ElderCareCost calculator.

Data sources

U.S. Census Bureau (ACS, ZBP) · HUD Fair Market Rents · EPA Walkability Index · USDA RUCA · IRS SOI · FDIC Summary of Deposits