Nursing Care Facilities Market: ZIP 38132
Opportunity Score
26
/ 100
Challenging
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 38132 is an urban area with moderate foot traffic.
Area Profile
35
Population
Urban
Area Type
10.0/20
Foot Traffic
Walkable
College-Educated: 0.0% —
value-focused market, keep prices competitive.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,220
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
- Walkable
vs. National Average
Walkability
-0.5 pts vs. national avg
Nearby Markets
38131
0.6 mi
Pop: 0
38114
2.0 mi
Pop: 20,440
$32,080
Walk: 13.0
38116
2.7 mi
Pop: 41,393
$44,663
Walk: 11.7
38106
3.5 mi
Pop: 21,827
$29,818
Walk: 13.1
38104
4.3 mi
Pop: 22,925
$56,452
Walk: 15.3
38111
4.8 mi
Pop: 43,308
$52,806
Walk: 12.2
38126
4.9 mi
Pop: 5,723
$30,825
Walk: 15.0
38152
5.4 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