Nursing Care Facilities Market: ZIP 37853
Opportunity Score
53
/ 100
Fair
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 37853 is an urban area with low foot traffic. with a population of 3,533 and household incomes near the national median ($66,490).
Area Profile
3,533
Population
$66,490
Median Income
-11% vs. national
Urban
Area Type
6.5/20
Foot Traffic
Car-Dependent
Median Age: 43.9 —
older demographic, may prefer sit-down options.
College-Educated: 13.0% —
value-focused market, keep prices competitive.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,180
2BR Fair Market Rent
$811
Median Gross Rent
$230 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
- Foot Traffic
- Car-Dependent
vs. National Average
Median Income
-11% vs. $74,580
Walkability
-4.0 pts vs. national avg
Nearby Markets
37804
3.3 mi
Pop: 27,423
$75,794
Walk: 7.9
37701
6.1 mi
Pop: 9,608
$63,202
Walk: 8.3
37920
6.3 mi
Pop: 43,509
$61,348
Walk: 7.4
37919
8.2 mi
Pop: 31,401
$71,863
Walk: 11.9
37916
8.2 mi
Pop: 14,771
$17,982
Walk: 15.3
37929
8.7 mi
Pop: 0
Walk: 17.0
37902
8.7 mi
Pop: 2,308
$56,397
37915
9.3 mi
Pop: 6,124
$22,236
Walk: 12.8
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