Nursing Care Facilities Market: ZIP 38256
Opportunity Score
37
/ 100
Challenging
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 38256 is an suburban area with low foot traffic. with a population of 2,994 and household incomes near the national median ($50,625).
Area Profile
2,994
Population
$50,625
Median Income
-32% vs. national
Suburban
Area Type
2.5/20
Foot Traffic
Very Car-Dependent
Median Age: 56.8 —
older demographic, may prefer sit-down options.
College-Educated: 13.3% —
value-focused market, keep prices competitive.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,200
2BR Fair Market Rent
$150 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
- Foot Traffic
- Very Car-Dependent
vs. National Average
Median Income
-32% vs. $74,580
Walkability
-8.0 pts vs. national avg
Nearby Markets
38221
7.6 mi
Pop: 3,046
$52,109
38222
9.1 mi
Pop: 1,899
$54,980
38236
14.2 mi
Pop: 966
$56,771
38242
14.7 mi
Pop: 19,619
$44,833
Walk: 5.6
37175
16.0 mi
Pop: 1,096
$46,971
Walk: 6.0
38333
17.6 mi
Pop: 260
$24,762
Walk: 3.8
38251
18.7 mi
Pop: 3,492
$52,759
Walk: 3.6
37058
19.2 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