Nursing Care Facilities Market: ZIP 38126
Opportunity Score
59
/ 100
Fair
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 38126 is an urban area with high foot traffic. with a population of 5,723 and household incomes below the national median ($30,825).
Area Profile
5,723
Population
$30,825
Median Income
-59% vs. national
Urban
Area Type
15.0/20
Foot Traffic
Very Walkable
Median Age: 28.1 —
young market, strong street food demand.
College-Educated: 8.0% —
value-focused market, keep prices competitive.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,170
2BR Fair Market Rent
$794
Median Gross Rent
$59 K
Median Home Value
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.
- Median income sits at $30,825. Price sensitivity is real. Build your model around volume or keep overhead minimal.
Quick Facts
- Area Type
- Urban
- Foot Traffic
- Very Walkable
vs. National Average
Median Income
-59% vs. $74,580
Walkability
+4.5 pts vs. national avg
Nearby Markets
38105
1.8 mi
Pop: 5,151
$29,316
Walk: 16.7
38106
1.8 mi
Pop: 21,827
$29,818
Walk: 13.1
38103
2.0 mi
Pop: 14,025
$75,763
Walk: 18.3
38104
2.7 mi
Pop: 22,925
$56,452
Walk: 15.3
38107
3.3 mi
Pop: 14,254
$36,393
Walk: 12.6
38114
4.5 mi
Pop: 20,440
$32,080
Walk: 13.0
38132
4.9 mi
Pop: 35
Walk: 10.0
38112
4.9 mi
Pop: 16,798
$52,639
Walk: 13.3
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