Nursing Care Facilities Market: ZIP 49042
Opportunity Score
74
/ 100
Good
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 49042 is an urban area. with a population of 4,695 and household incomes near the national median ($72,536).
Area Profile
4,695
Population
$72,536
Median Income
-3% vs. national
Urban
Area Type
Median Age: 43.0 —
older demographic, may prefer sit-down options.
College-Educated: 9.5% —
value-focused market, keep prices competitive.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$930
2BR Fair Market Rent
$780
Median Gross Rent
$160 K
Median Home Value
1
Bank Branches
$44 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
- Bank Branches
- 1
vs. National Average
Median Income
-3% vs. $74,580
Nearby Markets
49099
4.6 mi
Pop: 5,699
$62,147
Walk: 4.0
49093
8.2 mi
Pop: 18,439
$63,040
Walk: 5.4
49061
10.1 mi
Pop: 1,924
$76,772
49032
10.7 mi
Pop: 3,369
$65,781
46565
13.0 mi
Pop: 8,718
$95,578
46540
13.1 mi
Pop: 13,239
$99,664
Walk: 4.8
46507
13.9 mi
Pop: 9,799
$88,510
49130
14.4 mi
Pop: 1,216
$81,728
Walk: 3.3
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