Nursing Care Facilities Market: ZIP 37705
Opportunity Score
76
/ 100
Good
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 37705 is an urban area. with a population of 5,479 and household incomes above the national median ($77,853).
Area Profile
5,479
Population
$77,853
Median Income
+4% vs. national
Urban
Area Type
Median Age: 41.3 —
older demographic, may prefer sit-down options.
College-Educated: 19.5% —
value-focused market, keep prices competitive.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,680
2BR Fair Market Rent
$1,280
Median Gross Rent
$310 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
+4% vs. $74,580
Nearby Markets
37828
4.5 mi
Pop: 1,348
$74,698
37754
6.2 mi
Pop: 4,075
$70,475
Walk: 4.8
37757
7.0 mi
Pop: 10,515
$63,889
37938
8.6 mi
Pop: 16,904
$80,868
Walk: 5.3
37769
10.1 mi
Pop: 5,673
$51,691
Walk: 4.1
37849
12.2 mi
Pop: 28,872
$83,400
Walk: 5.6
37766
12.6 mi
Pop: 17,643
$46,692
Walk: 4.8
37807
12.9 mi
Pop: 11,476
$62,040
Walk: 7.0
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