Nursing Care Facilities Market: ZIP 49001
Opportunity Score
62
/ 100
Good
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 49001 is an urban area. with a population of 21,313 and household incomes near the national median ($52,327).
Area Profile
21,313
Population
$52,327
Median Income
-30% vs. national
Urban
Area Type
Median Age: 31.6 —
mixed-age market, broad menu appeal.
College-Educated: 18.6% —
value-focused market, keep prices competitive.
Competition
Nursing Care Facilities and related businesses in ZIP 49001.
4
Home Health Agencies
1.9 per 10K residents
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,140
2BR Fair Market Rent
$1,055
Median Gross Rent
$140 K
Median Home Value
2
Bank Branches
$120 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
- Related Businesses
- 4
- Bank Branches
- 2
vs. National Average
Median Income
-30% vs. $74,580
Nearby Markets
49007
3.2 mi
Pop: 9,747
$39,309
Walk: 7.8
49008
3.6 mi
Pop: 16,488
$67,339
Walk: 7.6
49074
4.1 mi
Pop: 212
$21,563
Walk: 6.9
49002
4.7 mi
Pop: 19,444
$71,621
Walk: 6.3
49048
4.8 mi
Pop: 23,999
$62,160
Walk: 7.0
49006
5.1 mi
Pop: 25,888
$45,617
Walk: 6.8
49024
5.6 mi
Pop: 30,937
$86,427
Walk: 7.8
49004
5.8 mi
Pop: 17,796
$72,434
Walk: 10.7
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