Private Schools Market: ZIP 37064
Opportunity Score
66
/ 100
Good
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 37064 is an urban area with low foot traffic. with a population of 66,641 and household incomes well above the national median ($121,492). There are 8 private schools operations in ZIP 37064.
Area Profile
66,641
Population
$121,492
Median Income
+63% vs. national
Urban
Area Type
6.8/20
Foot Traffic
Car-Dependent
Median Age: 40.9 —
older demographic, may prefer sit-down options.
College-Educated: 39.7% —
balanced market for quality & value.
Competition
Private Schools and related businesses in ZIP 37064.
8
Private Schools
Moderate — proven market
1.2 per 10K residents
12
Child Care Centers
1.8 per 10K residents
What this means:
Private Schools are 40.0% of the relevant market in ZIP 37064 (8 vs. 12 related businesses).
Well-established market — differentiation is non-negotiable.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$2,280
2BR Fair Market Rent
$1,810
Median Gross Rent
$660 K
Median Home Value
31
Bank Branches
$3.5 M deposits
Tips for Starting a Private School Business in Tennessee
- Accreditation takes 2-3 years but determines whether your tuition qualifies for tax credits and whether colleges recognize your diplomas.
- Your first 50 students are the hardest. Most private schools break even around 80-120 students. Plan for 2-3 years of operating losses.
- Facility costs dominate. Leasing a church or community center cuts your startup cost by 60-80% vs. building or buying.
- Teacher salaries run 15-30% below public school equivalents. You'll attract mission-driven educators, but benefits and culture have to compensate.
- The median income here is $121,492. That gives you pricing room most markets don't offer. Don't underprice.
Quick Facts
- Area Type
- Urban
- Foot Traffic
- Car-Dependent
- Private Schools
- 8
- Related Businesses
- 12
- Bank Branches
- 31
vs. National Average
Median Income
+63% vs. $74,580
Walkability
-3.7 pts vs. national avg
Nearby Markets
37179
5.8 mi
Pop: 17,411
$124,844
Walk: 5.1
37069
7.7 mi
Pop: 19,994
$146,336
Walk: 8.5
37174
12.1 mi
Pop: 50,778
$98,775
37221
12.1 mi
Pop: 41,811
$99,083
Walk: 7.4
37067
12.9 mi
Pop: 31,550
$110,202
Walk: 10.6
37027
14.1 mi
Pop: 61,961
$156,002
Walk: 7.5
37062
14.5 mi
Pop: 13,165
$87,598
Walk: 5.8
38482
15.7 mi
Pop: 1,742
$71,829
Check Another Market
Or estimate costs with the PrivateSchoolCost calculator.
About This Data
Data sources
U.S. Census Bureau (ACS, ZBP) · HUD Fair Market Rents · EPA Walkability Index · USDA RUCA · IRS SOI · FDIC Summary of Deposits