Private Schools Market: ZIP 37167
Opportunity Score
50
/ 100
Fair
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 37167 is an urban area with low foot traffic. with a population of 63,660 and household incomes above the national median ($79,720). There are 3 private schools operations in ZIP 37167.
Area Profile
63,660
Population
$79,720
Median Income
+7% vs. national
Urban
Area Type
6.2/20
Foot Traffic
Car-Dependent
Median Age: 35.0 —
mixed-age market, broad menu appeal.
College-Educated: 18.1% —
value-focused market, keep prices competitive.
Competition
Private Schools and related businesses in ZIP 37167.
3
Private Schools
Low competition — room to establish
0.5 per 10K residents
10
Child Care Centers
1.6 per 10K residents
What this means:
Private Schools are 23.1% of the relevant market in ZIP 37167 (3 vs. 10 related businesses).
Well-established market — differentiation is non-negotiable.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,670
2BR Fair Market Rent
$1,359
Median Gross Rent
$330 K
Median Home Value
16
Bank Branches
$1.4 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.
Quick Facts
- Area Type
- Urban
- Foot Traffic
- Car-Dependent
- Private Schools
- 3
- Related Businesses
- 10
- Bank Branches
- 16
vs. National Average
Median Income
+7% vs. $74,580
Walkability
-4.3 pts vs. national avg
Nearby Markets
37086
4.6 mi
Pop: 37,786
$79,285
Walk: 7.0
37129
5.9 mi
Pop: 60,615
$89,772
Walk: 7.1
37013
9.3 mi
Pop: 102,055
$72,233
Walk: 9.1
37014
9.4 mi
Pop: 3,633
$104,938
37135
10.6 mi
Pop: 23,231
$146,028
Walk: 5.1
37128
11.6 mi
Pop: 77,016
$89,069
Walk: 6.4
37076
13.0 mi
Pop: 38,124
$74,555
Walk: 11.0
37217
13.3 mi
Pop: 31,440
$61,529
Walk: 10.4
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