Nursing Care Facilities Market: ZIP 48906
Opportunity Score
60
/ 100
Good
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 48906 is an urban area with low foot traffic. with a population of 25,960 and household incomes near the national median ($61,533).
Area Profile
25,960
Population
$61,533
Median Income
-17% vs. national
Urban
Area Type
8.4/20
Foot Traffic
Car-Dependent
Median Age: 36.3 —
mixed-age market, broad menu appeal.
College-Educated: 19.3% —
value-focused market, keep prices competitive.
Competition
Nursing Care Facilities and related businesses in ZIP 48906.
4
Home Health Agencies
1.5 per 10K residents
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,120
2BR Fair Market Rent
$1,033
Median Gross Rent
$130 K
Median Home Value
1
Bank Branches
$38 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
- Foot Traffic
- Car-Dependent
- Related Businesses
- 4
- Bank Branches
- 1
vs. National Average
Median Income
-17% vs. $74,580
Walkability
-2.1 pts vs. national avg
Nearby Markets
48915
3.6 mi
Pop: 9,315
$51,653
Walk: 14.6
48933
4.7 mi
Pop: 3,349
$36,895
Walk: 13.7
48820
5.2 mi
Pop: 18,109
$106,651
Walk: 7.3
48917
5.5 mi
Pop: 32,029
$73,259
Walk: 10.9
48912
5.7 mi
Pop: 17,398
$53,072
Walk: 13.8
48910
7.7 mi
Pop: 32,801
$52,154
Walk: 13.0
48825
7.9 mi
Pop: 11,127
Walk: 12.1
48911
8.0 mi
Pop: 40,407
$54,882
Walk: 9.1
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