Nursing Care Facilities Market: ZIP 38505
Opportunity Score
32
/ 100
Challenging
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 38505 is an suburban area with low foot traffic.
Area Profile
904
Population
Suburban
Area Type
8.3/20
Foot Traffic
Car-Dependent
Median Age: 19.2 —
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.
$1,010
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
- Suburban
- Foot Traffic
- Car-Dependent
vs. National Average
Walkability
-2.2 pts vs. national avg
Nearby Markets
38503
0.7 mi
Pop: 0
38501
4.1 mi
Pop: 42,422
$50,923
Walk: 9.4
38506
5.1 mi
Pop: 29,657
$63,051
Walk: 4.8
38544
11.0 mi
Pop: 7,413
$66,801
38545
11.4 mi
Pop: 1,545
$59,375
Walk: 3.8
38580
16.2 mi
Pop: 1,628
$59,207
Walk: 4.8
38562
16.3 mi
Pop: 6,586
$38,325
Walk: 5.4
38564
18.1 mi
Pop: 435
$56,116
Walk: 2.5
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