Private Schools Market: ZIP 37118
Opportunity Score
46
/ 100
Fair
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 37118 is an urban area. with a population of 1,087 and household incomes above the national median ($86,447).
Area Profile
1,087
Population
$86,447
Median Income
+16% vs. national
Urban
Area Type
Median Age: 50.2 —
older demographic, may prefer sit-down options.
College-Educated: 19.5% —
value-focused market, keep prices competitive.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,460
2BR Fair Market Rent
$460 K
Median Home Value
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
vs. National Average
Median Income
+16% vs. $74,580
Nearby Markets
37016
5.8 mi
Pop: 851
$64,417
37085
6.5 mi
Pop: 6,102
$123,469
37149
8.1 mi
Pop: 2,575
$68,733
Walk: 3.3
37130
9.5 mi
Pop: 57,768
$60,389
Walk: 8.4
37184
11.5 mi
Pop: 7,224
$73,862
Walk: 3.4
37190
12.4 mi
Pop: 9,267
$59,104
Walk: 4.9
37132
13.1 mi
Pop: 2,698
Walk: 12.2
37127
13.9 mi
Pop: 22,029
$85,947
Walk: 4.4
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