Nursing Care Facilities Market: ZIP 48865
Opportunity Score
46
/ 100
Fair
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 48865 is an urban area. with a population of 1,904 and household incomes near the national median ($68,889).
Area Profile
1,904
Population
$68,889
Median Income
-8% vs. national
Urban
Area Type
Median Age: 39.5 —
mixed-age market, broad menu appeal.
College-Educated: 8.5% —
value-focused market, keep prices competitive.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,120
2BR Fair Market Rent
$782
Median Gross Rent
$120 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
- Urban
vs. National Average
Median Income
-8% vs. $74,580
Nearby Markets
48834
5.7 mi
Pop: 2,296
$60,870
48846
7.9 mi
Pop: 21,940
$66,717
Walk: 5.9
48870
8.4 mi
Pop: 204
$34,091
48884
9.1 mi
Pop: 4,777
$60,000
48809
10.6 mi
Pop: 11,292
$67,172
Walk: 7.2
48885
10.9 mi
Pop: 1,273
$68,958
Walk: 3.8
48838
12.4 mi
Pop: 17,925
$66,126
Walk: 8.2
48860
12.9 mi
Pop: 1,395
$58,750
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