Private Schools Market: ZIP 37846
Opportunity Score
55
/ 100
Fair
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 37846 is an urban area with low foot traffic. with a population of 4,177 and household incomes near the national median ($71,147).
Area Profile
4,177
Population
$71,147
Median Income
-5% vs. national
Urban
Area Type
4.0/20
Foot Traffic
Very Car-Dependent
Median Age: 42.3 —
older demographic, may prefer sit-down options.
College-Educated: 9.3% —
value-focused market, keep prices competitive.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,100
2BR Fair Market Rent
$780
Median Gross Rent
$200 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
- Very Car-Dependent
vs. National Average
Median Income
-5% vs. $74,580
Walkability
-6.5 pts vs. national avg
Nearby Markets
37874
5.9 mi
Pop: 16,640
$52,912
Walk: 5.2
37774
9.1 mi
Pop: 20,989
$83,724
Walk: 5.9
37763
10.0 mi
Pop: 16,394
$77,039
Walk: 6.4
37826
11.2 mi
Pop: 3,493
$63,922
37880
12.4 mi
Pop: 3,934
$61,858
Walk: 3.9
37354
15.1 mi
Pop: 17,421
$53,547
37771
15.8 mi
Pop: 17,829
$62,338
37772
20.2 mi
Pop: 14,164
$95,164
Walk: 5.8
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