Nursing Care Facilities Market: ZIP 49406
Opportunity Score
48
/ 100
Fair
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 49406 is an urban area. with a population of 922 and household incomes above the national median ($95,417).
Area Profile
922
Population
$95,417
Median Income
+28% vs. national
Urban
Area Type
Median Age: 57.4 —
older demographic, may prefer sit-down options.
College-Educated: 54.1% —
strong appetite for artisan/specialty food.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,000
2BR Fair Market Rent
$470 K
Median Home Value
2
Bank Branches
$200 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
- 2
vs. National Average
Median Income
+28% vs. $74,580
Nearby Markets
49453
2.6 mi
Pop: 2,729
$101,250
Walk: 5.1
49408
8.1 mi
Pop: 10,494
$69,155
Walk: 4.2
49434
8.9 mi
Pop: 96
Walk: 4.6
49423
11.0 mi
Pop: 46,693
$78,524
Walk: 7.8
49424
14.4 mi
Pop: 48,995
$82,353
Walk: 6.0
49450
14.6 mi
Pop: 3,178
$48,809
Walk: 4.6
49419
16.1 mi
Pop: 8,730
$92,708
Walk: 4.5
49464
21.0 mi
Pop: 29,738
$97,573
Walk: 5.8
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