Nursing Care Facilities Market: ZIP 37615
Opportunity Score
60
/ 100
Good
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 37615 is an urban area with low foot traffic. with a population of 22,013 and household incomes above the national median ($75,556).
Area Profile
22,013
Population
$75,556
Median Income
+1% vs. national
Urban
Area Type
5.3/20
Foot Traffic
Very Car-Dependent
Median Age: 44.5 —
older demographic, may prefer sit-down options.
College-Educated: 29.3% —
balanced market for quality & value.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,210
2BR Fair Market Rent
$966
Median Gross Rent
$260 K
Median Home Value
4
Bank Branches
$78 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
- Foot Traffic
- Very Car-Dependent
- Bank Branches
- 4
vs. National Average
Median Income
+1% vs. $74,580
Walkability
-5.2 pts vs. national avg
Nearby Markets
37663
5.1 mi
Pop: 14,037
$76,122
Walk: 6.0
37686
7.7 mi
Pop: 9,149
$84,894
Walk: 5.3
37604
8.3 mi
Pop: 38,359
$49,351
Walk: 8.5
37664
8.6 mi
Pop: 28,721
$61,164
Walk: 8.9
37614
8.9 mi
Pop: 2,581
Walk: 9.5
37659
9.0 mi
Pop: 29,247
$69,765
Walk: 5.0
37601
10.1 mi
Pop: 38,622
$49,658
Walk: 7.8
37617
10.6 mi
Pop: 14,200
$65,069
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