Nursing Care Facilities Market: ZIP 37932
Opportunity Score
73
/ 100
Good
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 37932 is an urban area with low foot traffic. with a population of 23,330 and household incomes well above the national median ($109,900).
Area Profile
23,330
Population
$109,900
Median Income
+47% vs. national
Urban
Area Type
6.3/20
Foot Traffic
Car-Dependent
Median Age: 36.5 —
mixed-age market, broad menu appeal.
College-Educated: 35.4% —
balanced market for quality & value.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$2,030
2BR Fair Market Rent
$1,516
Median Gross Rent
$430 K
Median Home Value
4
Bank Branches
$240 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.
- The median income here is $109,900. That gives you pricing room most markets don't offer. Don't underprice.
Quick Facts
- Area Type
- Urban
- Foot Traffic
- Car-Dependent
- Bank Branches
- 4
vs. National Average
Median Income
+47% vs. $74,580
Walkability
-4.2 pts vs. national avg
Nearby Markets
37934
3.1 mi
Pop: 28,237
$135,472
Walk: 7.9
37931
6.4 mi
Pop: 31,149
$91,284
Walk: 5.8
37830
7.2 mi
Pop: 32,519
$70,795
Walk: 5.6
37922
7.8 mi
Pop: 39,013
$126,638
Walk: 6.8
37923
8.2 mi
Pop: 30,874
$70,046
Walk: 8.9
37772
8.6 mi
Pop: 14,164
$95,164
Walk: 5.8
37771
9.8 mi
Pop: 17,829
$62,338
37737
12.0 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