Daycare Centers Market: ZIP 47406
Opportunity Score
88
/ 100
Excellent
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 47406 is an urban area with moderate foot traffic.
Area Profile
8,356
Population
Urban
Area Type
15.0/20
Foot Traffic
Very Car-Dependent
Median Age: 19.2 —
young market, strong street food demand.
College-Educated: 1.0% —
value-focused market, keep prices competitive.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,200
2BR Fair Market Rent
$1,188
Median Gross Rent
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.
Quick Facts
- Area Type
- Urban
- Foot Traffic
- Very Car-Dependent
vs. National Average
Walkability
+4.5 pts vs. national avg
Nearby Markets
47405
0.7 mi
Pop: 1,249
47408
5.0 mi
Pop: 21,660
$45,584
Walk: 13.1
47404
6.1 mi
Pop: 23,614
$54,674
Walk: 12.1
47401
7.1 mi
Pop: 40,084
$65,643
Walk: 12.8
47458
7.3 mi
Pop: 19
Walk: 5.3
47403
9.1 mi
Pop: 34,410
$68,703
Walk: 10.8
47429
9.8 mi
Pop: 7,402
$88,625
Walk: 6.2
47468
11.4 mi
Pop: 1,195
$81,979
Walk: 3.7
Check Another Market
Or estimate costs with the DaycareCalc 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