Nursing Care Facilities Market: ZIP 37072
Opportunity Score
60
/ 100
Good
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 37072 is an urban area with low foot traffic. with a population of 32,344 and household incomes above the national median ($75,514).
Area Profile
32,344
Population
$75,514
Median Income
+1% vs. national
Urban
Area Type
5.2/20
Foot Traffic
Very Car-Dependent
Median Age: 40.3 —
older demographic, may prefer sit-down options.
College-Educated: 20.1% —
value-focused market, keep prices competitive.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,750
2BR Fair Market Rent
$1,359
Median Gross Rent
$340 K
Median Home Value
10
Bank Branches
$1.4 M 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
- Foot Traffic
- Very Car-Dependent
- Bank Branches
- 10
vs. National Average
Median Income
+1% vs. $74,580
Walkability
-5.3 pts vs. national avg
Nearby Markets
37073
7.4 mi
Pop: 14,312
$82,716
Walk: 4.4
37115
7.5 mi
Pop: 41,303
$53,034
Walk: 10.5
37189
7.7 mi
Pop: 3,591
$93,577
Walk: 4.3
37207
8.5 mi
Pop: 39,450
$60,102
Walk: 10.8
37075
9.6 mi
Pop: 72,541
$97,597
Walk: 6.9
37216
9.6 mi
Pop: 18,933
$82,134
Walk: 11.1
37188
9.9 mi
Pop: 17,685
$87,412
Walk: 5.3
37228
11.4 mi
Pop: 2,351
$73,708
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