Nursing Care Facilities Market: ZIP 37308
Opportunity Score
58
/ 100
Fair
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 37308 is an urban area. with a population of 2,957 and household incomes near the national median ($69,398).
Area Profile
2,957
Population
$69,398
Median Income
-7% vs. national
Urban
Area Type
Median Age: 37.3 —
mixed-age market, broad menu appeal.
College-Educated: 9.6% —
value-focused market, keep prices competitive.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,170
2BR Fair Market Rent
$744
Median Gross Rent
$240 K
Median Home Value
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
vs. National Average
Median Income
-7% vs. $74,580
Nearby Markets
37336
4.9 mi
Pop: 4,908
$64,276
Walk: 3.9
37373
8.2 mi
Pop: 2,949
$59,306
Walk: 4.6
37341
10.1 mi
Pop: 14,966
$93,114
37321
11.0 mi
Pop: 20,670
$59,182
Walk: 7.2
37312
11.5 mi
Pop: 36,894
$75,369
Walk: 9.0
37379
14.4 mi
Pop: 29,002
$85,525
Walk: 3.6
37353
15.2 mi
Pop: 4,703
$66,186
37322
16.0 mi
Pop: 8,509
$53,965
Walk: 5.8
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