Nursing Care Facilities Market: ZIP 38221
Opportunity Score
50
/ 100
Fair
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 38221 is an suburban area. with a population of 3,046 and household incomes near the national median ($52,109).
Area Profile
3,046
Population
$52,109
Median Income
-30% vs. national
Suburban
Area Type
Median Age: 53.7 —
older demographic, may prefer sit-down options.
College-Educated: 8.1% —
value-focused market, keep prices competitive.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$900
2BR Fair Market Rent
$661
Median Gross Rent
$120 K
Median Home Value
1
Bank Branches
$32 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
- Suburban
- Bank Branches
- 1
vs. National Average
Median Income
-30% vs. $74,580
Nearby Markets
38256
7.6 mi
Pop: 2,994
$50,625
Walk: 2.5
38333
10.1 mi
Pop: 260
$24,762
Walk: 3.8
37175
11.7 mi
Pop: 1,096
$46,971
Walk: 6.0
38320
14.5 mi
Pop: 10,470
$57,679
Walk: 6.1
38222
16.0 mi
Pop: 1,899
$54,980
38236
16.8 mi
Pop: 966
$56,771
37185
17.5 mi
Pop: 9,120
$52,849
Walk: 5.0
37058
17.9 mi
Pop: 7,369
$59,896
Walk: 1.3
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