ElderCareCost
Showing results for ZIP 70438 (LA)
Home ZIP 37228

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.

Data sources

U.S. Census Bureau (ACS, ZBP) · HUD Fair Market Rents · EPA Walkability Index · USDA RUCA · IRS SOI · FDIC Summary of Deposits