Nursing Care Facilities Market: ZIP 38550
Opportunity Score
0
/ 100
Challenging
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 38550 is an suburban area.
Area Profile
0
Population
Suburban
Area Type
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
Nearby Markets
38581
2.1 mi
Pop: 3,965
$54,784
Walk: 3.6
38587
6.7 mi
Pop: 1,169
$39,789
Walk: 3.2
38579
7.4 mi
Pop: 1,577
$48,442
38559
9.0 mi
Pop: 1,227
$42,955
37110
11.4 mi
Pop: 33,772
$53,135
Walk: 6.5
37166
14.8 mi
Pop: 15,116
$46,713
38585
16.1 mi
Pop: 4,550
$51,458
Walk: 3.8
38583
18.8 mi
Pop: 25,739
$58,285
Walk: 4.4
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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