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Daycare Centers Market: ZIP 38117

Opportunity Score

64 / 100 Good

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

Market Summary

ZIP 38117 is an urban area with moderate foot traffic. with a population of 26,327 and household incomes above the national median ($93,688). There are 4 daycare centers operations in ZIP 38117.

Area Profile

26,327

Population

$93,688

Median Income

+26% vs. national

Urban

Area Type

13.5/20

Foot Traffic

Walkable

Median Age: 38.6 — mixed-age market, broad menu appeal.

College-Educated: 43.2% — strong appetite for artisan/specialty food.

Competition

Daycare Centers and related businesses in ZIP 38117.

Daycare Centers

Low competition — room to establish

1.5 per 10K residents

Schools

2.7 per 10K residents

What this means: Daycare Centers are 36.4% of the relevant market in ZIP 38117 (4 vs. 7 related businesses). Well-established market — differentiation is non-negotiable.

Operating Costs

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

$1,550

2BR Fair Market Rent

$1,353

Median Gross Rent

$290 K

Median Home Value

Bank Branches

$1.7 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.