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Home ZIP 37916

Daycare Centers Market: ZIP 37916

Opportunity Score
59 / 100 Fair
Based on walkability, population density, income levels, and local business competition.

Market Summary

ZIP 37916 is an urban area with high foot traffic. with a population of 14,771 and household incomes below the national median ($17,982).

Area Profile

14,771
Population
$17,982
Median Income
-76% vs. national
Urban
Area Type
15.3/20
Foot Traffic
Very Walkable
Median Age: 20.6 — young market, strong street food demand.
College-Educated: 3.2% — value-focused market, keep prices competitive.

Operating Costs

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

$1,570
2BR Fair Market Rent
$1,176
Median Gross Rent
$270 K
Median Home Value
2
Bank Branches
$220 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.
  • Median income sits at $17,982. Price sensitivity is real. Build your model around volume or keep overhead minimal.

Data sources

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