Private Schools Market: ZIP 37771
Opportunity Score
68
/ 100
Good
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 37771 is an urban area. with a population of 17,829 and household incomes near the national median ($62,338).
Area Profile
17,829
Population
$62,338
Median Income
-16% vs. national
Urban
Area Type
Median Age: 41.1 —
older demographic, may prefer sit-down options.
College-Educated: 13.7% —
value-focused market, keep prices competitive.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,380
2BR Fair Market Rent
$946
Median Gross Rent
$240 K
Median Home Value
3
Bank Branches
$400 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
- Bank Branches
- 3
vs. National Average
Median Income
-16% vs. $74,580
Nearby Markets
37772
7.8 mi
Pop: 14,164
$95,164
Walk: 5.8
37774
8.1 mi
Pop: 20,989
$83,724
Walk: 5.9
37830
9.0 mi
Pop: 32,519
$70,795
Walk: 5.6
37934
9.8 mi
Pop: 28,237
$135,472
Walk: 7.9
37932
9.8 mi
Pop: 23,330
$109,900
Walk: 6.3
37763
11.9 mi
Pop: 16,394
$77,039
Walk: 6.4
37737
14.5 mi
Pop: 6,576
$80,377
37742
14.7 mi
Pop: 7,568
$87,516
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