Nursing Care Facilities Market: ZIP 37101
Opportunity Score
74
/ 100
Good
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 37101 is an suburban area. with a population of 6,888 and household incomes near the national median ($72,669).
Area Profile
6,888
Population
$72,669
Median Income
-3% vs. national
Suburban
Area Type
Median Age: 42.9 —
older demographic, may prefer sit-down options.
College-Educated: 11.8% —
value-focused market, keep prices competitive.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,460
2BR Fair Market Rent
$775
Median Gross Rent
$210 K
Median Home Value
2
Bank Branches
$59 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
- Suburban
- Bank Branches
- 2
vs. National Average
Median Income
-3% vs. $74,580
Nearby Markets
37055
12.7 mi
Pop: 28,567
$69,283
Walk: 6.8
37061
13.9 mi
Pop: 5,193
$54,396
37181
14.1 mi
Pop: 1,520
$64,583
Walk: 4.0
37140
15.0 mi
Pop: 1,493
$59,550
Walk: 5.8
37078
15.8 mi
Pop: 881
$62,625
37137
15.8 mi
Pop: 1,999
$43,239
Walk: 6.7
37185
16.5 mi
Pop: 9,120
$52,849
Walk: 5.0
37165
18.0 mi
Pop: 21
$24,375
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