Nursing Care Facilities Market: ZIP 38060
Opportunity Score
80
/ 100
Excellent
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 38060 is an urban area. with a population of 12,360 and household incomes above the national median ($84,277).
Area Profile
12,360
Population
$84,277
Median Income
+13% vs. national
Urban
Area Type
Median Age: 42.5 —
older demographic, may prefer sit-down options.
College-Educated: 21.7% —
value-focused market, keep prices competitive.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,670
2BR Fair Market Rent
$1,478
Median Gross Rent
$290 K
Median Home Value
6
Bank Branches
$300 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
- 6
vs. National Average
Median Income
+13% vs. $74,580
Nearby Markets
38076
6.5 mi
Pop: 874
$80,625
Walk: 4.1
38028
8.9 mi
Pop: 7,699
$150,847
Walk: 4.9
38066
9.4 mi
Pop: 3,706
$105,282
Walk: 5.0
38036
11.3 mi
Pop: 157
38068
12.2 mi
Pop: 10,854
$63,022
Walk: 4.9
38049
12.7 mi
Pop: 4,319
$57,321
38017
14.2 mi
Pop: 56,427
$135,946
Walk: 7.5
38002
14.7 mi
Pop: 43,868
$115,478
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