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Daycare Centers Market: ZIP 37923

Opportunity Score

50 / 100 Fair

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

Market Summary

ZIP 37923 is an urban area with low foot traffic. with a population of 30,874 and household incomes near the national median ($70,046). There are 3 daycare centers operations in ZIP 37923.

Area Profile

30,874

Population

$70,046

Median Income

-6% vs. national

Urban

Area Type

8.9/20

Foot Traffic

Car-Dependent

Median Age: 36.4 — mixed-age market, broad menu appeal.

College-Educated: 31.9% — balanced market for quality & value.

Competition

Daycare Centers and related businesses in ZIP 37923.

Daycare Centers

Low competition — room to establish

1.0 per 10K residents

Schools

1.6 per 10K residents

What this means: Daycare Centers are 37.5% of the relevant market in ZIP 37923 (3 vs. 5 related businesses). Well-established market — differentiation is non-negotiable.

Operating Costs

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

$1,750

2BR Fair Market Rent

$1,303

Median Gross Rent

$290 K

Median Home Value

Bank Branches

$1.3 M 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.