Nursing Care Facilities Market: ZIP 37721
Opportunity Score
70
/ 100
Good
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 37721 is an urban area. with a population of 14,649 and household incomes near the national median ($64,674).
Area Profile
14,649
Population
$64,674
Median Income
-13% vs. national
Urban
Area Type
Median Age: 41.1 —
older demographic, may prefer sit-down options.
College-Educated: 11.8% —
value-focused market, keep prices competitive.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,530
2BR Fair Market Rent
$960
Median Gross Rent
$220 K
Median Home Value
1
Bank Branches
$63 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
- 1
vs. National Average
Median Income
-13% vs. $74,580
Nearby Markets
37779
6.8 mi
Pop: 3,443
$51,159
37806
6.8 mi
Pop: 3,011
$56,076
37924
7.2 mi
Pop: 14,672
$73,794
Walk: 6.6
37938
8.5 mi
Pop: 16,904
$80,868
Walk: 5.3
37918
8.7 mi
Pop: 45,978
$69,311
Walk: 11.2
37807
8.9 mi
Pop: 11,476
$62,040
Walk: 7.0
37914
10.3 mi
Pop: 20,917
$55,933
Walk: 6.9
37709
10.6 mi
Pop: 3,948
$61,509
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