Nursing Care Facilities Market: ZIP 38037
Opportunity Score
28
/ 100
Challenging
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 38037 is an rural area. with a population of 1,556 and household incomes below the national median ($45,948).
Area Profile
1,556
Population
$45,948
Median Income
-38% vs. national
Rural
Area Type
Median Age: 41.1 —
older demographic, may prefer sit-down options.
College-Educated: 8.0% —
value-focused market, keep prices competitive.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$900
2BR Fair Market Rent
$595
Median Gross Rent
$89 K
Median Home Value
1
Bank Branches
$36 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.
- This is a rural ZIP. Your customer radius is wider, marketing costs are lower, but you'll work harder for each lead.
Quick Facts
- Area Type
- Rural
- Bank Branches
- 1
vs. National Average
Median Income
-38% vs. $74,580
Nearby Markets
38040
8.1 mi
Pop: 4,689
$52,119
Walk: 5.2
38050
11.9 mi
Pop: 425
$63,224
Walk: 3.5
38034
14.0 mi
Pop: 3,366
$48,875
Walk: 4.5
38070
14.3 mi
Pop: 88
$58,667
Walk: 2.2
38012
15.7 mi
Pop: 13,079
$41,485
Walk: 6.2
38021
15.7 mi
Pop: 7
38063
16.3 mi
Pop: 15,947
$48,578
Walk: 4.1
38001
17.3 mi
Pop: 4,208
$49,911
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