Nursing Care Facilities Market: ZIP 37022
Opportunity Score
68
/ 100
Good
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 37022 is an urban area. with a population of 6,036 and household incomes near the national median ($61,250).
Area Profile
6,036
Population
$61,250
Median Income
-18% vs. national
Urban
Area Type
Median Age: 40.8 —
older demographic, may prefer sit-down options.
College-Educated: 13.9% —
value-focused market, keep prices competitive.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,780
2BR Fair Market Rent
$1,113
Median Gross Rent
$240 K
Median Home Value
Tips for Starting a Elder Care Business in Tennessee
- 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
vs. National Average
Median Income
-18% vs. $74,580
Nearby Markets
37186
8.7 mi
Pop: 10,644
$57,133
Walk: 3.1
37031
9.5 mi
Pop: 3,984
$86,380
42120
11.4 mi
Pop: 2,595
$73,242
37066
12.5 mi
Pop: 62,404
$78,049
Walk: 6.9
37074
12.9 mi
Pop: 10,999
$62,931
Walk: 7.1
37148
13.2 mi
Pop: 25,421
$77,684
Walk: 4.7
37048
19.0 mi
Pop: 6,325
$98,012
42153
22.2 mi
Pop: 65
$18,281
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