Nursing Care Facilities Market: ZIP 37128
Opportunity Score
65
/ 100
Good
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 37128 is an urban area with low foot traffic. with a population of 77,016 and household incomes above the national median ($89,069).
Area Profile
77,016
Population
$89,069
Median Income
+19% vs. national
Urban
Area Type
6.4/20
Foot Traffic
Car-Dependent
Median Age: 32.2 —
mixed-age market, broad menu appeal.
College-Educated: 23.8% —
value-focused market, keep prices competitive.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,930
2BR Fair Market Rent
$1,514
Median Gross Rent
$360 K
Median Home Value
10
Bank Branches
$700 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
- Foot Traffic
- Car-Dependent
- Bank Branches
- 10
vs. National Average
Median Income
+19% vs. $74,580
Walkability
-4.1 pts vs. national avg
Nearby Markets
37153
6.2 mi
Pop: 4,894
$90,625
Walk: 4.1
37132
8.3 mi
Pop: 2,698
Walk: 12.2
37129
8.9 mi
Pop: 60,615
$89,772
Walk: 7.1
37127
10.3 mi
Pop: 22,029
$85,947
Walk: 4.4
37037
11.0 mi
Pop: 9,786
$111,458
37167
11.6 mi
Pop: 63,660
$79,720
Walk: 6.2
37060
11.6 mi
Pop: 3,574
$101,466
37014
11.9 mi
Pop: 3,633
$104,938
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