Nursing Care Facilities Market: ZIP 38338
Opportunity Score
18
/ 100
Challenging
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 38338 is an urban area. with a population of 67 and household incomes near the national median ($60,625).
Area Profile
67
Population
$60,625
Median Income
-19% vs. national
Urban
Area Type
Median Age: 24.7 —
young market, strong street food demand.
College-Educated: 0.0% —
value-focused market, keep prices competitive.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,170
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
vs. National Average
Median Income
-19% vs. $74,580
Nearby Markets
38343
6.4 mi
Pop: 15,672
$53,430
Walk: 5.8
38358
6.9 mi
Pop: 12,511
$65,537
Walk: 6.5
38355
8.1 mi
Pop: 8,244
$103,343
Walk: 6.0
38362
11.1 mi
Pop: 991
$62,163
Walk: 4.4
38382
11.4 mi
Pop: 8,163
$58,125
Walk: 4.2
38305
13.2 mi
Pop: 53,366
$66,292
Walk: 7.1
38316
13.6 mi
Pop: 3,127
$48,288
38348
13.7 mi
Pop: 987
$33,819
Walk: 2.3
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