Nursing Care Facilities Market: ZIP 37351
Opportunity Score
8
/ 100
Challenging
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 37351 is an urban area. with a population of 295 and household incomes below the national median ($38,965).
Area Profile
295
Population
$38,965
Median Income
-48% vs. national
Urban
Area Type
Median Age: 35.6 —
mixed-age market, broad menu appeal.
College-Educated: 46.8% —
strong appetite for artisan/specialty food.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,490
2BR Fair Market Rent
$170 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.
- Median income sits at $38,965. Price sensitivity is real. Build your model around volume or keep overhead minimal.
Quick Facts
- Area Type
- Urban
vs. National Average
Median Income
-48% vs. $74,580
Nearby Markets
37406
2.1 mi
Pop: 12,867
$42,993
Walk: 12.0
37415
2.2 mi
Pop: 23,132
$67,027
Walk: 7.8
37403
4.3 mi
Pop: 6,560
$65,750
37450
5.0 mi
Pop: 0
Walk: 18.8
37404
5.1 mi
Pop: 13,883
$53,585
Walk: 17.1
37402
5.3 mi
Pop: 4,203
$28,829
37411
5.5 mi
Pop: 18,815
$50,180
Walk: 11.7
37343
5.7 mi
Pop: 44,572
$79,177
Walk: 4.8
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