Nursing Care Facilities Market: ZIP 37617
Opportunity Score
70
/ 100
Good
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 37617 is an urban area. with a population of 14,200 and household incomes near the national median ($65,069).
Area Profile
14,200
Population
$65,069
Median Income
-13% vs. national
Urban
Area Type
Median Age: 47.0 —
older demographic, may prefer sit-down options.
College-Educated: 19.8% —
value-focused market, keep prices competitive.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$960
2BR Fair Market Rent
$841
Median Gross Rent
$230 K
Median Home Value
2
Bank Branches
$110 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
- 2
vs. National Average
Median Income
-13% vs. $74,580
Nearby Markets
37686
5.9 mi
Pop: 9,149
$84,894
Walk: 5.3
24258
9.1 mi
Pop: 1,237
$38,147
37663
9.5 mi
Pop: 14,037
$76,122
Walk: 6.0
37664
10.0 mi
Pop: 28,721
$61,164
Walk: 8.9
37615
10.6 mi
Pop: 22,013
$75,556
Walk: 5.3
37694
11.4 mi
Pop: 1,738
$60,125
Walk: 4.4
37618
11.7 mi
Pop: 13,208
$58,413
37601
13.3 mi
Pop: 38,622
$49,658
Walk: 7.8
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