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Daycare Centers Market: ZIP 38016

Opportunity Score

57 / 100 Fair

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

Market Summary

ZIP 38016 is an urban area with low foot traffic. with a population of 44,390 and household incomes above the national median ($75,719). There are 8 daycare centers operations in ZIP 38016.

Area Profile

44,390

Population

$75,719

Median Income

+2% vs. national

Urban

Area Type

8.6/20

Foot Traffic

Car-Dependent

Median Age: 37.5 — mixed-age market, broad menu appeal.

College-Educated: 28.4% — balanced market for quality & value.

Competition

Daycare Centers and related businesses in ZIP 38016.

Daycare Centers

Moderate — proven market

1.8 per 10K residents

Operating Costs

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

$1,740

2BR Fair Market Rent

$1,407

Median Gross Rent

$260 K

Median Home Value

Bank Branches

$400 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.