Private Schools Market: ZIP 37174
Opportunity Score
88
/ 100
Excellent
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 37174 is an urban area. with a population of 50,778 and household incomes above the national median ($98,775).
Area Profile
50,778
Population
$98,775
Median Income
+32% vs. national
Urban
Area Type
Median Age: 37.4 —
mixed-age market, broad menu appeal.
College-Educated: 28.5% —
balanced market for quality & value.
Competition
Private Schools and related businesses in ZIP 37174.
13
Child Care Centers
2.6 per 10K residents
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$2,220
2BR Fair Market Rent
$1,724
Median Gross Rent
$450 K
Median Home Value
9
Bank Branches
$760 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
- Related Businesses
- 13
- Bank Branches
- 9
vs. National Average
Median Income
+32% vs. $74,580
Nearby Markets
37179
6.5 mi
Pop: 17,411
$124,844
Walk: 5.1
38401
10.5 mi
Pop: 66,696
$69,467
Walk: 6.6
37064
12.1 mi
Pop: 66,641
$121,492
Walk: 6.8
37046
14.3 mi
Pop: 6,632
$162,712
37034
15.1 mi
Pop: 8,596
$84,906
37067
16.0 mi
Pop: 31,550
$110,202
Walk: 10.6
38482
17.7 mi
Pop: 1,742
$71,829
37060
18.3 mi
Pop: 3,574
$101,466
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