Nursing Care Facilities Market: ZIP 37878
Opportunity Score
24
/ 100
Challenging
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 37878 is an urban area. with a population of 709 and household incomes near the national median ($57,738).
Area Profile
709
Population
$57,738
Median Income
-23% vs. national
Urban
Area Type
Median Age: 38.1 —
mixed-age market, broad menu appeal.
College-Educated: 15.0% —
value-focused market, keep prices competitive.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,400
2BR Fair Market Rent
$300 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
-23% vs. $74,580
Nearby Markets
37803
4.4 mi
Pop: 33,822
$81,006
Walk: 4.7
37801
8.6 mi
Pop: 27,271
$70,814
Walk: 3.9
37882
11.2 mi
Pop: 2,800
$61,875
Walk: 3.8
37885
12.7 mi
Pop: 6,120
$74,683
Walk: 4.7
37701
13.5 mi
Pop: 9,608
$63,202
Walk: 8.3
37742
14.7 mi
Pop: 7,568
$87,516
37804
14.8 mi
Pop: 27,423
$75,794
Walk: 7.9
37737
14.9 mi
Pop: 6,576
$80,377
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