Private Schools Market: ZIP 37115
Opportunity Score
49
/ 100
Fair
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 37115 is an urban area with moderate foot traffic. with a population of 41,303 and household incomes near the national median ($53,034). There are 5 private schools operations in ZIP 37115.
Area Profile
41,303
Population
$53,034
Median Income
-29% vs. national
Urban
Area Type
10.5/20
Foot Traffic
Walkable
Median Age: 38.3 —
mixed-age market, broad menu appeal.
College-Educated: 16.0% —
value-focused market, keep prices competitive.
Competition
Private Schools and related businesses in ZIP 37115.
5
Private Schools
Low competition — room to establish
1.2 per 10K residents
11
Child Care Centers
2.7 per 10K residents
What this means:
Private Schools are 31.3% of the relevant market in ZIP 37115 (5 vs. 11 related businesses).
Well-established market — differentiation is non-negotiable.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,660
2BR Fair Market Rent
$1,263
Median Gross Rent
$270 K
Median Home Value
7
Bank Branches
$400 K 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.
Quick Facts
- Area Type
- Urban
- Foot Traffic
- Walkable
- Private Schools
- 5
- Related Businesses
- 11
- Bank Branches
- 7
vs. National Average
Median Income
-29% vs. $74,580
Walkability
-0.1 pts vs. national avg
Nearby Markets
37216
3.4 mi
Pop: 18,933
$82,134
Walk: 11.1
37207
5.7 mi
Pop: 39,450
$60,102
Walk: 10.8
37206
5.7 mi
Pop: 29,368
$88,605
Walk: 14.4
37138
6.4 mi
Pop: 22,539
$87,450
Walk: 7.0
37214
6.5 mi
Pop: 30,547
$71,969
Walk: 9.7
37072
7.5 mi
Pop: 32,344
$75,514
Walk: 5.2
37213
7.7 mi
Pop: 35
Walk: 14.5
37210
7.7 mi
Pop: 17,116
$43,343
Walk: 13.1
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