Nursing Care Facilities Market: ZIP 37811
Opportunity Score
58
/ 100
Fair
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 37811 is an urban area. with a population of 4,156 and household incomes below the national median ($44,880).
Area Profile
4,156
Population
$44,880
Median Income
-40% vs. national
Urban
Area Type
Median Age: 45.4 —
older demographic, may prefer sit-down options.
College-Educated: 11.3% —
value-focused market, keep prices competitive.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$900
2BR Fair Market Rent
$711
Median Gross Rent
$150 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.
- Median income sits at $44,880. Price sensitivity is real. Build your model around volume or keep overhead minimal.
Quick Facts
- Area Type
- Urban
vs. National Average
Median Income
-40% vs. $74,580
Nearby Markets
37891
6.3 mi
Pop: 4,338
$46,704
Walk: 4.3
37708
7.3 mi
Pop: 6,248
$45,331
37860
7.6 mi
Pop: 3,739
$74,904
Walk: 5.0
37881
11.0 mi
Pop: 1,874
$44,583
Walk: 4.0
37814
11.6 mi
Pop: 34,842
$51,083
Walk: 7.2
37869
11.9 mi
Pop: 5,198
$33,811
37813
12.2 mi
Pop: 17,479
$47,783
37711
12.3 mi
Pop: 5,682
$39,496
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