Nursing Care Facilities Market: ZIP 49423
Opportunity Score
64
/ 100
Good
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 49423 is an urban area with low foot traffic. with a population of 46,693 and household incomes above the national median ($78,524).
Area Profile
46,693
Population
$78,524
Median Income
+5% vs. national
Urban
Area Type
7.8/20
Foot Traffic
Car-Dependent
Median Age: 35.1 —
mixed-age market, broad menu appeal.
College-Educated: 23.5% —
value-focused market, keep prices competitive.
Competition
Nursing Care Facilities and related businesses in ZIP 49423.
6
Home Health Agencies
1.3 per 10K residents
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,310
2BR Fair Market Rent
$1,143
Median Gross Rent
$250 K
Median Home Value
17
Bank Branches
$1.6 M 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
- 6
- Bank Branches
- 17
vs. National Average
Median Income
+5% vs. $74,580
Walkability
-2.7 pts vs. national avg
Nearby Markets
49424
7.2 mi
Pop: 48,995
$82,353
Walk: 6.0
49419
8.4 mi
Pop: 8,730
$92,708
Walk: 4.5
49453
8.4 mi
Pop: 2,729
$101,250
Walk: 5.1
49434
8.7 mi
Pop: 96
Walk: 4.6
49464
10.0 mi
Pop: 29,738
$97,573
Walk: 5.8
49406
11.0 mi
Pop: 922
$95,417
49408
11.8 mi
Pop: 10,494
$69,155
Walk: 4.2
49460
14.1 mi
Pop: 8,891
$97,194
Walk: 4.7
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