Nursing Care Facilities Market: ZIP 37737
Opportunity Score
78
/ 100
Good
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 37737 is an urban area. with a population of 6,576 and household incomes above the national median ($80,377).
Area Profile
6,576
Population
$80,377
Median Income
+8% vs. national
Urban
Area Type
Median Age: 49.7 —
older demographic, may prefer sit-down options.
College-Educated: 17.1% —
value-focused market, keep prices competitive.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,530
2BR Fair Market Rent
$1,029
Median Gross Rent
$290 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
+8% vs. $74,580
Nearby Markets
37777
6.3 mi
Pop: 13,101
$74,357
Walk: 6.3
37772
6.7 mi
Pop: 14,164
$95,164
Walk: 5.8
37801
6.8 mi
Pop: 27,271
$70,814
Walk: 3.9
37922
7.0 mi
Pop: 39,013
$126,638
Walk: 6.8
37742
7.2 mi
Pop: 7,568
$87,516
37934
8.9 mi
Pop: 28,237
$135,472
Walk: 7.9
37701
9.4 mi
Pop: 9,608
$63,202
Walk: 8.3
37803
11.8 mi
Pop: 33,822
$81,006
Walk: 4.7
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