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Daycare Centers Market: ZIP 38118

Opportunity Score

63 / 100 Good

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

Market Summary

ZIP 38118 is an urban area with moderate foot traffic. with a population of 39,162 and household incomes below the national median ($42,464). There are 20 daycare centers operations in ZIP 38118.

Area Profile

39,162

Population

$42,464

Median Income

-43% vs. national

Urban

Area Type

11.9/20

Foot Traffic

Walkable

Median Age: 28.9 — young market, strong street food demand.

College-Educated: 6.8% — value-focused market, keep prices competitive.

Competition

Daycare Centers and related businesses in ZIP 38118.

Daycare Centers

Moderate — proven market

5.1 per 10K residents

Operating Costs

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

$1,250

2BR Fair Market Rent

$1,105

Median Gross Rent

$96 K

Median Home Value

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 $42,464. Price sensitivity is real. Build your model around volume or keep overhead minimal.