Nursing Care Facilities Market: ZIP 37711
Opportunity Score
56
/ 100
Fair
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 37711 is an urban area. with a population of 5,682 and household incomes below the national median ($39,496).
Area Profile
5,682
Population
$39,496
Median Income
-47% vs. national
Urban
Area Type
Median Age: 47.6 —
older demographic, may prefer sit-down options.
College-Educated: 8.6% —
value-focused market, keep prices competitive.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$930
2BR Fair Market Rent
$760
Median Gross Rent
$120 K
Median Home Value
1
Bank Branches
$14 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.
- Median income sits at $39,496. Price sensitivity is real. Build your model around volume or keep overhead minimal.
Quick Facts
- Area Type
- Urban
- Bank Branches
- 1
vs. National Average
Median Income
-47% vs. $74,580
Nearby Markets
37891
6.4 mi
Pop: 4,338
$46,704
Walk: 4.3
37810
8.1 mi
Pop: 1,991
$32,609
37818
8.3 mi
Pop: 5,407
$46,657
Walk: 3.4
37809
8.6 mi
Pop: 2,392
$57,753
37860
9.7 mi
Pop: 3,739
$74,904
Walk: 5.0
37857
12.2 mi
Pop: 20,425
$51,383
Walk: 6.1
37811
12.3 mi
Pop: 4,156
$44,880
37745
14.8 mi
Pop: 21,131
$54,946
Walk: 5.5
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