ElderCareCost
Showing results for ZIP 04735 (ME)
Home ZIP 38579

Nursing Care Facilities Market: ZIP 38579

Opportunity Score
30 / 100 Challenging
Based on walkability, population density, income levels, and local business competition.

Market Summary

ZIP 38579 is an rural area. with a population of 1,577 and household incomes below the national median ($48,442).

Area Profile

1,577
Population
$48,442
Median Income
-35% vs. national
Rural
Area Type
Median Age: 37.9 — mixed-age market, broad menu appeal.
College-Educated: 13.8% — value-focused market, keep prices competitive.

Operating Costs

Local cost levels affect space, labor, and operating expenses.

$1,100
2BR Fair Market Rent
$929
Median Gross Rent
$220 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.
  • This is a rural ZIP. Your customer radius is wider, marketing costs are lower, but you'll work harder for each lead.

Data sources

U.S. Census Bureau (ACS, ZBP) · HUD Fair Market Rents · EPA Walkability Index · USDA RUCA · IRS SOI · FDIC Summary of Deposits