Nursing Care Facilities Market: ZIP 37215
Opportunity Score
84
/ 100
Excellent
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 37215 is an urban area with moderate foot traffic. with a population of 22,188 and household incomes well above the national median ($151,156).
Area Profile
22,188
Population
$151,156
Median Income
+103% vs. national
Urban
Area Type
10.6/20
Foot Traffic
Walkable
Median Age: 44.6 —
older demographic, may prefer sit-down options.
College-Educated: 59.9% —
strong appetite for artisan/specialty food.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$2,390
2BR Fair Market Rent
$1,870
Median Gross Rent
$960 K
Median Home Value
23
Bank Branches
$2.8 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 $151,156. That gives you pricing room most markets don't offer. Don't underprice.
Quick Facts
- Area Type
- Urban
- Foot Traffic
- Walkable
- Bank Branches
- 23
vs. National Average
Median Income
+103% vs. $74,580
Walkability
+0.1 pts vs. national avg
Nearby Markets
37220
3.0 mi
Pop: 5,483
$156,227
Walk: 7.9
37205
3.3 mi
Pop: 24,557
$133,068
Walk: 11.1
37212
4.2 mi
Pop: 20,046
$86,461
Walk: 16.1
37204
4.5 mi
Pop: 17,004
$109,341
Walk: 15.7
37232
4.6 mi
Pop: 0
Walk: 15.5
37203
5.6 mi
Pop: 20,234
$69,671
37027
6.7 mi
Pop: 61,961
$156,002
Walk: 7.5
37208
6.8 mi
Pop: 20,204
$62,682
Walk: 15.2
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