Nursing Care Facilities Market: ZIP 38131
Opportunity Score
0
/ 100
Challenging
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 38131 is an urban area.
Area Profile
0
Population
Urban
Area Type
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
Nearby Markets
38132
0.6 mi
Pop: 35
Walk: 10.0
38114
2.1 mi
Pop: 20,440
$32,080
Walk: 13.0
38116
2.6 mi
Pop: 41,393
$44,663
Walk: 11.7
38106
4.1 mi
Pop: 21,827
$29,818
Walk: 13.1
38104
4.6 mi
Pop: 22,925
$56,452
Walk: 15.3
38111
4.6 mi
Pop: 43,308
$52,806
Walk: 12.2
38118
5.0 mi
Pop: 39,162
$42,464
Walk: 11.9
38152
5.2 mi
Pop: 506
Walk: 14.7
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