Nursing Care Facilities Market: ZIP 38113
Opportunity Score
6
/ 100
Challenging
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 38113 is an urban area with low foot traffic.
Area Profile
0
Population
Urban
Area Type
2.0/20
Foot Traffic
Very Car-Dependent
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,360
2BR Fair Market Rent
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
- Foot Traffic
- Very Car-Dependent
vs. National Average
Walkability
-8.5 pts vs. national avg
Nearby Markets
72301
3.4 mi
Pop: 24,182
$41,932
Walk: 12.9
38109
4.6 mi
Pop: 43,764
$36,934
Walk: 10.9
38103
6.7 mi
Pop: 14,025
$75,763
Walk: 18.3
38106
6.9 mi
Pop: 21,827
$29,818
Walk: 13.1
38126
6.9 mi
Pop: 5,723
$30,825
Walk: 15.0
38105
8.0 mi
Pop: 5,151
$29,316
Walk: 16.7
72364
8.3 mi
Pop: 16,434
$76,118
Walk: 7.2
38107
9.3 mi
Pop: 14,254
$36,393
Walk: 12.6
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