Nursing Care Facilities Market: ZIP 37122
Opportunity Score
73
/ 100
Good
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 37122 is an urban area with low foot traffic. with a population of 66,348 and household incomes well above the national median ($109,306).
Area Profile
66,348
Population
$109,306
Median Income
+47% vs. national
Urban
Area Type
6.3/20
Foot Traffic
Car-Dependent
Median Age: 40.3 —
older demographic, may prefer sit-down options.
College-Educated: 31.7% —
balanced market for quality & value.
Competition
Nursing Care Facilities and related businesses in ZIP 37122.
5
Home Health Agencies
0.8 per 10K residents
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$2,330
2BR Fair Market Rent
$1,840
Median Gross Rent
$450 K
Median Home Value
20
Bank Branches
$1.7 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.
- The median income here is $109,306. That gives you pricing room most markets don't offer. Don't underprice.
Quick Facts
- Area Type
- Urban
- Foot Traffic
- Car-Dependent
- Related Businesses
- 5
- Bank Branches
- 20
vs. National Average
Median Income
+47% vs. $74,580
Walkability
-4.2 pts vs. national avg
Nearby Markets
37076
6.6 mi
Pop: 38,124
$74,555
Walk: 11.0
37138
9.3 mi
Pop: 22,539
$87,450
Walk: 7.0
37086
11.9 mi
Pop: 37,786
$79,285
Walk: 7.0
37214
12.2 mi
Pop: 30,547
$71,969
Walk: 9.7
37217
12.7 mi
Pop: 31,440
$61,529
Walk: 10.4
37013
13.2 mi
Pop: 102,055
$72,233
Walk: 9.1
37090
13.7 mi
Pop: 17,929
$85,048
Walk: 6.4
37075
13.9 mi
Pop: 72,541
$97,597
Walk: 6.9
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