Nursing Care Facilities Market: ZIP 38381
Opportunity Score
34
/ 100
Challenging
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 38381 is an urban area. with a population of 1,525 and household incomes near the national median ($53,786).
Area Profile
1,525
Population
$53,786
Median Income
-28% vs. national
Urban
Area Type
Median Age: 36.3 —
mixed-age market, broad menu appeal.
College-Educated: 8.6% —
value-focused market, keep prices competitive.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$900
2BR Fair Market Rent
$787
Median Gross Rent
$110 K
Median Home Value
1
Bank Branches
$0 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
- Urban
- Bank Branches
- 1
vs. National Average
Median Income
-28% vs. $74,580
Nearby Markets
38356
7.6 mi
Pop: 2,564
$71,250
38008
7.8 mi
Pop: 9,351
$43,827
Walk: 6.1
38392
8.9 mi
Pop: 736
$52,188
Walk: 2.9
38391
13.8 mi
Pop: 1,507
$74,145
Walk: 3.1
38044
14.0 mi
Pop: 657
$41,196
38075
14.6 mi
Pop: 6,857
$48,222
Walk: 3.8
38366
17.5 mi
Pop: 2,386
$72,090
Walk: 4.4
38042
18.2 mi
Pop: 451
$48,897
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