Nursing Care Facilities Market: ZIP 37048
Opportunity Score
88
/ 100
Excellent
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 37048 is an urban area. with a population of 6,325 and household incomes above the national median ($98,012).
Area Profile
6,325
Population
$98,012
Median Income
+31% vs. national
Urban
Area Type
Median Age: 42.8 —
older demographic, may prefer sit-down options.
College-Educated: 19.7% —
value-focused market, keep prices competitive.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,460
2BR Fair Market Rent
$865
Median Gross Rent
$380 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
+31% vs. $74,580
Nearby Markets
37188
6.2 mi
Pop: 17,685
$87,412
Walk: 5.3
37049
8.0 mi
Pop: 4,025
$84,677
37148
8.8 mi
Pop: 25,421
$77,684
Walk: 4.7
37075
10.4 mi
Pop: 72,541
$97,597
Walk: 6.9
37066
11.3 mi
Pop: 62,404
$78,049
Walk: 6.9
37141
11.3 mi
Pop: 1,519
$70,625
37072
14.4 mi
Pop: 32,344
$75,514
Walk: 5.2
37073
16.1 mi
Pop: 14,312
$82,716
Walk: 4.4
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