Private Schools Market: ZIP 37217
Opportunity Score
51
/ 100
Fair
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 37217 is an urban area with moderate foot traffic. with a population of 31,440 and household incomes near the national median ($61,529). There are 4 private schools operations in ZIP 37217.
Area Profile
31,440
Population
$61,529
Median Income
-17% vs. national
Urban
Area Type
10.4/20
Foot Traffic
Walkable
Median Age: 33.4 —
mixed-age market, broad menu appeal.
College-Educated: 20.8% —
value-focused market, keep prices competitive.
Competition
Private Schools and related businesses in ZIP 37217.
4
Private Schools
Low competition — room to establish
1.3 per 10K residents
7
Child Care Centers
2.2 per 10K residents
What this means:
Private Schools are 36.4% of the relevant market in ZIP 37217 (4 vs. 7 related businesses).
Well-established market — differentiation is non-negotiable.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,780
2BR Fair Market Rent
$1,313
Median Gross Rent
$280 K
Median Home Value
10
Bank Branches
$810 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
- 4
- Related Businesses
- 7
- Bank Branches
- 10
vs. National Average
Median Income
-17% vs. $74,580
Walkability
-0.1 pts vs. national avg
Nearby Markets
37214
4.2 mi
Pop: 30,547
$71,969
Walk: 9.7
37013
4.3 mi
Pop: 102,055
$72,233
Walk: 9.1
37211
5.4 mi
Pop: 77,117
$69,936
Walk: 10.2
37210
6.0 mi
Pop: 17,116
$43,343
Walk: 13.1
37076
6.1 mi
Pop: 38,124
$74,555
Walk: 11.0
37206
7.1 mi
Pop: 29,368
$88,605
Walk: 14.4
37204
8.1 mi
Pop: 17,004
$109,341
Walk: 15.7
37213
8.7 mi
Pop: 35
Walk: 14.5
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