Nursing Care Facilities Market: ZIP 37172
Opportunity Score
57
/ 100
Fair
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 37172 is an suburban area with low foot traffic. with a population of 31,420 and household incomes near the national median ($71,103).
Area Profile
31,420
Population
$71,103
Median Income
-5% vs. national
Suburban
Area Type
5.7/20
Foot Traffic
Very Car-Dependent
Median Age: 39.6 —
mixed-age market, broad menu appeal.
College-Educated: 13.0% —
value-focused market, keep prices competitive.
Competition
Nursing Care Facilities and related businesses in ZIP 37172.
5
Home Health Agencies
1.6 per 10K residents
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,520
2BR Fair Market Rent
$1,132
Median Gross Rent
$280 K
Median Home Value
8
Bank Branches
$950 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
- Foot Traffic
- Very Car-Dependent
- Related Businesses
- 5
- Bank Branches
- 8
vs. National Average
Median Income
-5% vs. $74,580
Walkability
-4.8 pts vs. national avg
Nearby Markets
37073
8.3 mi
Pop: 14,312
$82,716
Walk: 4.4
42202
9.3 mi
Pop: 1,736
$64,375
37141
11.3 mi
Pop: 1,519
$70,625
37032
11.6 mi
Pop: 5,499
$85,766
37049
11.6 mi
Pop: 4,025
$84,677
37188
12.5 mi
Pop: 17,685
$87,412
Walk: 5.3
37072
15.3 mi
Pop: 32,344
$75,514
Walk: 5.2
37080
15.6 mi
Pop: 7,061
$78,151
Walk: 3.9
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