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Home ZIP 47166

Daycare Centers Market: ZIP 47166

Opportunity Score
35 / 100 Challenging
Based on walkability, population density, income levels, and local business competition.

Market Summary

ZIP 47166 is an urban area with low foot traffic. with a population of 1,531 and household incomes near the national median ($72,386).

Area Profile

1,531
Population
$72,386
Median Income
-3% vs. national
Urban
Area Type
3.0/20
Foot Traffic
Very Car-Dependent
Median Age: 43.1 — older demographic, may prefer sit-down options.
College-Educated: 24.6% — value-focused market, keep prices competitive.

Operating Costs

Local cost levels affect space, labor, and operating expenses.

$1,200
2BR Fair Market Rent
$1,366
Median Gross Rent
$170 K
Median Home Value

Tips for Starting a Daycare Business in Indiana

  • Licensing comes first. State childcare licensing takes 3-6 months in most states. Start that paperwork before you sign a lease.
  • Staff-to-child ratios are set by law and they dictate your entire cost structure. Know your state's ratios before building a financial model.
  • Location matters more than marketing. Parents pick daycares within 10 minutes of home or work. Proximity to commuter routes beats a nice website.
  • Insurance costs $3,000-$10,000/year depending on your state and capacity. Get quotes early. Some carriers won't cover home-based operations.

Data sources

U.S. Census Bureau (ACS, ZBP) · HUD Fair Market Rents · EPA Walkability Index · USDA RUCA · IRS SOI · FDIC Summary of Deposits