Nursing Care Facilities Market: ZIP 38456
Opportunity Score
66
/ 100
Good
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 38456 is an suburban area. with a population of 4,600 and household incomes near the national median ($58,913).
Area Profile
4,600
Population
$58,913
Median Income
-21% vs. national
Suburban
Area Type
Median Age: 31.9 —
mixed-age market, broad menu appeal.
College-Educated: 13.5% —
value-focused market, keep prices competitive.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$970
2BR Fair Market Rent
$200 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
-21% vs. $74,580
Nearby Markets
38483
8.7 mi
Pop: 7,133
$60,281
Walk: 4.0
38464
12.0 mi
Pop: 23,727
$48,239
Walk: 7.5
38474
12.9 mi
Pop: 9,336
$63,711
38468
13.9 mi
Pop: 5,442
$59,899
Walk: 5.9
38472
15.9 mi
Pop: 2,489
$70,069
Walk: 5.4
38478
19.2 mi
Pop: 18,756
$58,658
Walk: 5.1
38451
20.8 mi
Pop: 4,196
$74,844
Walk: 4.7
38486
22.0 mi
Pop: 1,273
$46,299
Walk: 4.6
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