Nursing Care Facilities Market: ZIP 37228
Opportunity Score
54
/ 100
Fair
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 37228 is an urban area. with a population of 2,351 and household incomes near the national median ($73,708).
Area Profile
2,351
Population
$73,708
Median Income
-1% vs. national
Urban
Area Type
Median Age: 27.8 —
young market, strong street food demand.
College-Educated: 38.1% —
balanced market for quality & value.
Competition
Nursing Care Facilities and related businesses in ZIP 37228.
3
Home Health Agencies
12.8 per 10K residents
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,890
2BR Fair Market Rent
$1,347
Median Gross Rent
2
Bank Branches
$85 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
- Related Businesses
- 3
- Bank Branches
- 2
vs. National Average
Median Income
-1% vs. $74,580
Nearby Markets
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