Nursing Care Facilities Market: ZIP 37934
Opportunity Score
80
/ 100
Excellent
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 37934 is an urban area with low foot traffic. with a population of 28,237 and household incomes well above the national median ($135,472).
Area Profile
28,237
Population
$135,472
Median Income
+82% vs. national
Urban
Area Type
7.9/20
Foot Traffic
Car-Dependent
Median Age: 44.9 —
older demographic, may prefer sit-down options.
College-Educated: 43.8% —
strong appetite for artisan/specialty food.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$2,320
2BR Fair Market Rent
$1,810
Median Gross Rent
$470 K
Median Home Value
16
Bank Branches
$2.2 M 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 $135,472. That gives you pricing room most markets don't offer. Don't underprice.
Quick Facts
- Area Type
- Urban
- Foot Traffic
- Car-Dependent
- Bank Branches
- 16
vs. National Average
Median Income
+82% vs. $74,580
Walkability
-2.6 pts vs. national avg
Nearby Markets
37932
3.1 mi
Pop: 23,330
$109,900
Walk: 6.3
37922
5.6 mi
Pop: 39,013
$126,638
Walk: 6.8
37772
6.1 mi
Pop: 14,164
$95,164
Walk: 5.8
37923
7.7 mi
Pop: 30,874
$70,046
Walk: 8.9
37931
7.8 mi
Pop: 31,149
$91,284
Walk: 5.8
37737
8.9 mi
Pop: 6,576
$80,377
37777
9.5 mi
Pop: 13,101
$74,357
Walk: 6.3
37771
9.8 mi
Pop: 17,829
$62,338
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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