Nursing Care Facilities Market: ZIP 37656
Opportunity Score
64
/ 100
Good
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 37656 is an urban area. with a population of 3,566 and household incomes near the national median ($65,731).
Area Profile
3,566
Population
$65,731
Median Income
-12% vs. national
Urban
Area Type
Median Age: 52.0 —
older demographic, may prefer sit-down options.
College-Educated: 13.5% —
value-focused market, keep prices competitive.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,030
2BR Fair Market Rent
$830
Median Gross Rent
$230 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
-12% vs. $74,580
Nearby Markets
37660
9.7 mi
Pop: 40,114
$46,913
Walk: 6.2
37681
9.8 mi
Pop: 6,031
$60,685
Walk: 3.6
37663
10.7 mi
Pop: 14,037
$76,122
Walk: 6.0
37664
11.2 mi
Pop: 28,721
$61,164
Walk: 8.9
37642
11.2 mi
Pop: 14,491
$63,963
Walk: 4.9
37690
11.4 mi
Pop: 4,720
$70,026
Walk: 3.1
37645
11.4 mi
Pop: 5,504
$71,336
37659
11.9 mi
Pop: 29,247
$69,765
Walk: 5.0
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