ElderCareCost
Showing results for ZIP 37847 (TN)
Home ZIP 00727

Nursing Care Facilities Market: ZIP 00727

Opportunity Score
43 / 100 Fair
Based on walkability, population density, income levels, and local business competition.

Market Summary

ZIP 00727 is an urban area with low foot traffic. with a population of 53,412 and household incomes below the national median ($33,403).

Area Profile

53,412
Population
$33,403
Median Income
-55% vs. national
Urban
Area Type
4.6/20
Foot Traffic
Very Car-Dependent
Median Age: 43.2 — older demographic, may prefer sit-down options.
College-Educated: 29.9% — balanced market for quality & value.

Operating Costs

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

$720
2BR Fair Market Rent
$821
Median Gross Rent
$150 K
Median Home Value

Tips for Starting a Elder Care Business in ZIP 00727

  • 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.
  • Median income sits at $33,403. Price sensitivity is real. Build your model around volume or keep overhead minimal.

Data sources

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