Nursing Care Facilities Market: ZIP 37029
Opportunity Score
84
/ 100
Excellent
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 37029 is an urban area. with a population of 6,737 and household incomes above the national median ($91,571).
Area Profile
6,737
Population
$91,571
Median Income
+23% vs. national
Urban
Area Type
Median Age: 41.2 —
older demographic, may prefer sit-down options.
College-Educated: 21.9% —
value-focused market, keep prices competitive.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,460
2BR Fair Market Rent
$916
Median Gross Rent
$360 K
Median Home Value
1
Bank Branches
$29 K deposits
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
- Bank Branches
- 1
vs. National Average
Median Income
+23% vs. $74,580
Nearby Markets
37025
6.8 mi
Pop: 6,321
$80,462
37187
8.5 mi
Pop: 8,382
$71,049
Walk: 5.1
37062
9.9 mi
Pop: 13,165
$87,598
Walk: 5.8
37082
11.2 mi
Pop: 5,564
$95,301
37098
12.1 mi
Pop: 5,933
$53,902
37055
12.2 mi
Pop: 28,567
$69,283
Walk: 6.8
37036
13.3 mi
Pop: 6,653
$72,277
38476
14.4 mi
Pop: 1,240
$128,588
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