Nursing Care Facilities Market: ZIP 38236
Opportunity Score
26
/ 100
Challenging
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 38236 is an suburban area. with a population of 966 and household incomes near the national median ($56,771).
Area Profile
966
Population
$56,771
Median Income
-24% vs. national
Suburban
Area Type
Median Age: 51.6 —
older demographic, may prefer sit-down options.
College-Educated: 3.8% —
value-focused market, keep prices competitive.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$980
2BR Fair Market Rent
$120 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.
Quick Facts
- Area Type
- Suburban
vs. National Average
Median Income
-24% vs. $74,580
Nearby Markets
38342
7.4 mi
Pop: 1,176
$38,140
38317
8.3 mi
Pop: 2,554
$42,167
38242
9.9 mi
Pop: 19,619
$44,833
Walk: 5.6
38231
10.7 mi
Pop: 2,012
$38,810
38256
14.2 mi
Pop: 2,994
$50,625
Walk: 2.5
38320
14.6 mi
Pop: 10,470
$57,679
Walk: 6.1
38221
16.8 mi
Pop: 3,046
$52,109
38344
17.6 mi
Pop: 8,816
$51,881
Walk: 4.7
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