Nursing Care Facilities Market: ZIP 38001
Opportunity Score
62
/ 100
Good
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 38001 is an urban area. with a population of 4,208 and household incomes below the national median ($49,911).
Area Profile
4,208
Population
$49,911
Median Income
-33% vs. national
Urban
Area Type
Median Age: 35.9 —
mixed-age market, broad menu appeal.
College-Educated: 7.9% —
value-focused market, keep prices competitive.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$960
2BR Fair Market Rent
$791
Median Gross Rent
$120 K
Median Home Value
5
Bank Branches
$150 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.
Quick Facts
- Area Type
- Urban
- Bank Branches
- 5
vs. National Average
Median Income
-33% vs. $74,580
Nearby Markets
38021
4.4 mi
Pop: 7
38050
5.4 mi
Pop: 425
$63,224
Walk: 3.5
38337
8.7 mi
Pop: 1,363
$60,262
Walk: 4.3
38034
8.8 mi
Pop: 3,366
$48,875
Walk: 4.5
38006
9.4 mi
Pop: 5,375
$61,250
38070
11.0 mi
Pop: 88
$58,667
Walk: 2.2
38343
15.3 mi
Pop: 15,672
$53,430
Walk: 5.8
38382
15.5 mi
Pop: 8,163
$58,125
Walk: 4.2
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