Home › ZIP 37404

Daycare Centers Market: ZIP 37404

Opportunity Score

60 / 100 Good

Based on walkability, population density, income levels, and local business competition.

Market Summary

ZIP 37404 is an urban area with high foot traffic. with a population of 13,883 and household incomes near the national median ($53,585). There are 7 daycare centers operations in ZIP 37404.

Area Profile

13,883

Population

$53,585

Median Income

-28% vs. national

Urban

Area Type

17.1/20

Foot Traffic

Very Walkable

Median Age: 34.7 — mixed-age market, broad menu appeal.

College-Educated: 20.8% — value-focused market, keep prices competitive.

Competition

Daycare Centers and related businesses in ZIP 37404.

Daycare Centers

Moderate — proven market

5.0 per 10K residents

Schools

4.3 per 10K residents

What this means: Daycare Centers are 53.8% of the relevant market in ZIP 37404 (7 vs. 6 related businesses). Well-established market — differentiation is non-negotiable.

Operating Costs

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

$1,290

2BR Fair Market Rent

$999

Median Gross Rent

$240 K

Median Home Value

Bank Branches

$140 K deposits

Tips for Starting a Daycare Business in Tennessee

Licensing comes first. State childcare licensing takes 3-6 months in most states. Start that paperwork before you sign a lease.
Staff-to-child ratios are set by law and they dictate your entire cost structure. Know your state's ratios before building a financial model.
Location matters more than marketing. Parents pick daycares within 10 minutes of home or work. Proximity to commuter routes beats a nice website.
Insurance costs $3,000-$10,000/year depending on your state and capacity. Get quotes early. Some carriers won't cover home-based operations.