Nursing Care Facilities Market: ZIP 38233
Opportunity Score
48
/ 100
Fair
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 38233 is an rural area. with a population of 2,795 and household incomes near the national median ($55,481).
Area Profile
2,795
Population
$55,481
Median Income
-26% vs. national
Rural
Area Type
Median Age: 39.9 —
mixed-age market, broad menu appeal.
College-Educated: 7.3% —
value-focused market, keep prices competitive.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$900
2BR Fair Market Rent
$673
Median Gross Rent
$91 K
Median Home Value
1
Bank Branches
$45 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.
- This is a rural ZIP. Your customer radius is wider, marketing costs are lower, but you'll work harder for each lead.
Quick Facts
- Area Type
- Rural
- Bank Branches
- 1
vs. National Average
Median Income
-26% vs. $74,580
Nearby Markets
38253
7.3 mi
Pop: 956
$66,767
38369
8.5 mi
Pop: 1,636
$50,690
Walk: 4.2
38389
8.8 mi
Pop: 40
$35,500
Walk: 3.5
38330
9.2 mi
Pop: 3,938
$59,597
38259
9.7 mi
Pop: 682
$35,625
Walk: 3.2
38255
12.9 mi
Pop: 2,356
$42,125
Walk: 3.7
38059
14.9 mi
Pop: 8,822
$57,182
Walk: 3.0
38260
16.6 mi
Pop: 3,846
$49,336
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