Nursing Care Facilities Market: ZIP 48895
Opportunity Score
71
/ 100
Good
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 48895 is an urban area with low foot traffic. with a population of 11,294 and household incomes well above the national median ($100,565).
Area Profile
11,294
Population
$100,565
Median Income
+35% vs. national
Urban
Area Type
6.3/20
Foot Traffic
Car-Dependent
Median Age: 47.7 —
older demographic, may prefer sit-down options.
College-Educated: 35.7% —
balanced market for quality & value.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,110
2BR Fair Market Rent
$1,005
Median Gross Rent
$270 K
Median Home Value
2
Bank Branches
$95 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 $100,565. That gives you pricing room most markets don't offer. Don't underprice.
Quick Facts
- Area Type
- Urban
- Foot Traffic
- Car-Dependent
- Bank Branches
- 2
vs. National Average
Median Income
+35% vs. $74,580
Walkability
-4.2 pts vs. national avg
Nearby Markets
48864
7.8 mi
Pop: 23,548
$113,145
Walk: 9.3
48892
8.2 mi
Pop: 4,769
$81,978
Walk: 3.4
48872
8.5 mi
Pop: 6,421
$79,434
Walk: 3.8
48840
8.6 mi
Pop: 12,653
$74,252
Walk: 8.0
48819
10.0 mi
Pop: 2,447
$95,050
Walk: 1.0
48823
13.5 mi
Pop: 49,379
$50,837
Walk: 13.1
48857
13.5 mi
Pop: 3,488
$81,319
48824
13.7 mi
Pop: 2,061
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