Nursing Care Facilities Market: ZIP 37141
Opportunity Score
40
/ 100
Fair
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 37141 is an urban area. with a population of 1,519 and household incomes near the national median ($70,625).
Area Profile
1,519
Population
$70,625
Median Income
-5% vs. national
Urban
Area Type
Median Age: 43.3 —
older demographic, may prefer sit-down options.
College-Educated: 7.2% —
value-focused market, keep prices competitive.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,530
2BR Fair Market Rent
$1,335
Median Gross Rent
$240 K
Median Home Value
1
Bank Branches
$19 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
- Bank Branches
- 1
vs. National Average
Median Income
-5% vs. $74,580
Nearby Markets
37049
3.8 mi
Pop: 4,025
$84,677
37188
9.3 mi
Pop: 17,685
$87,412
Walk: 5.3
42202
11.1 mi
Pop: 1,736
$64,375
37048
11.3 mi
Pop: 6,325
$98,012
37172
11.3 mi
Pop: 31,420
$71,103
Walk: 5.7
42134
12.2 mi
Pop: 19,117
$55,347
37148
14.1 mi
Pop: 25,421
$77,684
Walk: 4.7
37073
15.0 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