Nursing Care Facilities Market: ZIP 37861
Opportunity Score
49
/ 100
Fair
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 37861 is an rural area with low foot traffic. with a population of 8,578 and household incomes near the national median ($53,797).
Area Profile
8,578
Population
$53,797
Median Income
-28% vs. national
Rural
Area Type
3.9/20
Foot Traffic
Very Car-Dependent
Median Age: 47.4 —
older demographic, may prefer sit-down options.
College-Educated: 9.5% —
value-focused market, keep prices competitive.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$900
2BR Fair Market Rent
$634
Median Gross Rent
$200 K
Median Home Value
2
Bank Branches
$120 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.
- This is a rural ZIP. Your customer radius is wider, marketing costs are lower, but you'll work harder for each lead.
Quick Facts
- Area Type
- Rural
- Foot Traffic
- Very Car-Dependent
- Bank Branches
- 2
vs. National Average
Median Income
-28% vs. $74,580
Walkability
-6.6 pts vs. national avg
Nearby Markets
37888
7.6 mi
Pop: 3,385
$50,443
Walk: 2.8
37877
9.6 mi
Pop: 9,103
$76,191
Walk: 5.9
37760
10.0 mi
Pop: 14,020
$61,626
37820
11.3 mi
Pop: 7,743
$62,901
Walk: 6.6
37709
11.6 mi
Pop: 3,948
$61,509
37848
11.6 mi
Pop: 94
$93,661
37814
12.1 mi
Pop: 34,842
$51,083
Walk: 7.2
37708
14.9 mi
Pop: 6,248
$45,331
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