ElderCareCost
Showing results for ZIP 37818 (TN)
Home ZIP 75206

Nursing Care Facilities Market: ZIP 75206

Opportunity Score
79 / 100 Good
Based on walkability, population density, income levels, and local business competition.

Market Summary

ZIP 75206 is an urban area with moderate foot traffic. with a population of 38,795 and household incomes above the national median ($88,464).

Area Profile

38,795
Population
$88,464
Median Income
+19% vs. national
Urban
Area Type
14.7/20
Foot Traffic
Very Car-Dependent
Median Age: 30.7 — mixed-age market, broad menu appeal.
College-Educated: 58.2% — strong appetite for artisan/specialty food.

Competition

Nursing Care Facilities and related businesses in ZIP 75206.

64
Home Health Agencies
16.5 per 10K residents

Operating Costs

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

$2,330
2BR Fair Market Rent
$1,715
Median Gross Rent
$560 K
Median Home Value
11
Bank Branches
$1.3 M deposits

Tips for Starting a Elder Care Business in Texas

  • 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.

Data sources

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