Private Schools Market: ZIP 37138
Opportunity Score
67
/ 100
Good
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 37138 is an urban area with low foot traffic. with a population of 22,539 and household incomes above the national median ($87,450).
Area Profile
22,539
Population
$87,450
Median Income
+17% vs. national
Urban
Area Type
7.0/20
Foot Traffic
Car-Dependent
Median Age: 44.1 —
older demographic, may prefer sit-down options.
College-Educated: 29.7% —
balanced market for quality & value.
Competition
Private Schools and related businesses in ZIP 37138.
4
Child Care Centers
1.8 per 10K residents
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,780
2BR Fair Market Rent
$1,427
Median Gross Rent
$350 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
- Foot Traffic
- Car-Dependent
- Related Businesses
- 4
vs. National Average
Median Income
+17% vs. $74,580
Walkability
-3.5 pts vs. national avg
Nearby Markets
37214
6.1 mi
Pop: 30,547
$71,969
Walk: 9.7
37115
6.4 mi
Pop: 41,303
$53,034
Walk: 10.5
37076
6.7 mi
Pop: 38,124
$74,555
Walk: 11.0
37075
7.1 mi
Pop: 72,541
$97,597
Walk: 6.9
37216
8.4 mi
Pop: 18,933
$82,134
Walk: 11.1
37122
9.3 mi
Pop: 66,348
$109,306
Walk: 6.3
37217
9.5 mi
Pop: 31,440
$61,529
Walk: 10.4
37206
9.5 mi
Pop: 29,368
$88,605
Walk: 14.4
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