Nursing Care Facilities Market: ZIP 37341
Opportunity Score
86
/ 100
Excellent
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 37341 is an urban area. with a population of 14,966 and household incomes above the national median ($93,114).
Area Profile
14,966
Population
$93,114
Median Income
+25% vs. national
Urban
Area Type
Median Age: 42.5 —
older demographic, may prefer sit-down options.
College-Educated: 21.5% —
value-focused market, keep prices competitive.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,600
2BR Fair Market Rent
$1,229
Median Gross Rent
$260 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
+25% vs. $74,580
Nearby Markets
37363
6.9 mi
Pop: 40,830
$94,873
Walk: 3.8
37353
9.0 mi
Pop: 4,703
$66,186
37379
9.5 mi
Pop: 29,002
$85,525
Walk: 3.6
37308
10.1 mi
Pop: 2,957
$69,398
37416
10.2 mi
Pop: 14,089
$65,083
Walk: 7.2
37343
10.3 mi
Pop: 44,572
$79,177
Walk: 4.8
37336
11.5 mi
Pop: 4,908
$64,276
Walk: 3.9
37315
12.0 mi
Pop: 1,740
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