Nursing Care Facilities Market: ZIP 37403
Opportunity Score
70
/ 100
Good
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 37403 is an urban area. with a population of 6,560 and household incomes near the national median ($65,750).
Area Profile
6,560
Population
$65,750
Median Income
-12% vs. national
Urban
Area Type
Median Age: 21.4 —
young market, strong street food demand.
College-Educated: 18.5% —
value-focused market, keep prices competitive.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,700
2BR Fair Market Rent
$1,253
Median Gross Rent
$440 K
Median Home Value
1
Bank Branches
$35 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
- Bank Branches
- 1
vs. National Average
Median Income
-12% vs. $74,580
Nearby Markets
37450
1.2 mi
Pop: 0
Walk: 18.8
37402
1.5 mi
Pop: 4,203
$28,829
37408
1.7 mi
Pop: 3,029
$91,000
Walk: 15.3
37404
2.0 mi
Pop: 13,883
$53,585
Walk: 17.1
37407
3.2 mi
Pop: 10,164
$33,785
37410
3.5 mi
Pop: 3,673
$22,127
Walk: 12.3
37406
3.8 mi
Pop: 12,867
$42,993
Walk: 12.0
37409
3.9 mi
Pop: 3,417
$75,076
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