Nursing Care Facilities Market: ZIP 37886
Opportunity Score
51
/ 100
Fair
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 37886 is an urban area with low foot traffic. with a population of 3,585 and household incomes near the national median ($65,719).
Area Profile
3,585
Population
$65,719
Median Income
-12% vs. national
Urban
Area Type
4.4/20
Foot Traffic
Very Car-Dependent
Median Age: 49.5 —
older demographic, may prefer sit-down options.
College-Educated: 19.0% —
value-focused market, keep prices competitive.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,370
2BR Fair Market Rent
$973
Median Gross Rent
$210 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
- Very Car-Dependent
vs. National Average
Median Income
-12% vs. $74,580
Walkability
-6.1 pts vs. national avg
Nearby Markets
37804
6.9 mi
Pop: 27,423
$75,794
Walk: 7.9
37865
9.1 mi
Pop: 25,113
$88,410
Walk: 6.6
37862
9.3 mi
Pop: 21,719
$58,110
37882
9.5 mi
Pop: 2,800
$61,875
Walk: 3.8
37853
9.7 mi
Pop: 3,533
$66,490
Walk: 6.5
37920
12.2 mi
Pop: 43,509
$61,348
Walk: 7.4
37701
12.9 mi
Pop: 9,608
$63,202
Walk: 8.3
37803
13.2 mi
Pop: 33,822
$81,006
Walk: 4.7
Check Another Market
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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