Private Schools Market: ZIP 37862
Opportunity Score
66
/ 100
Good
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 37862 is an suburban area. with a population of 21,719 and household incomes near the national median ($58,110).
Area Profile
21,719
Population
$58,110
Median Income
-22% vs. national
Suburban
Area Type
Median Age: 43.1 —
older demographic, may prefer sit-down options.
College-Educated: 16.3% —
value-focused market, keep prices competitive.
Competition
Private Schools and related businesses in ZIP 37862.
3
Child Care Centers
1.4 per 10K residents
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,120
2BR Fair Market Rent
$956
Median Gross Rent
$280 K
Median Home Value
17
Bank Branches
$2.1 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
- Suburban
- Related Businesses
- 3
- Bank Branches
- 17
vs. National Average
Median Income
-22% vs. $74,580
Nearby Markets
37863
8.3 mi
Pop: 6,469
$53,587
Walk: 9.2
37865
9.0 mi
Pop: 25,113
$88,410
Walk: 6.6
37886
9.3 mi
Pop: 3,585
$65,719
Walk: 4.4
37882
13.6 mi
Pop: 2,800
$61,875
Walk: 3.8
37738
14.2 mi
Pop: 5,269
$63,133
Walk: 6.5
37804
15.7 mi
Pop: 27,423
$75,794
Walk: 7.9
37876
16.0 mi
Pop: 32,964
$58,513
Walk: 5.7
37920
17.6 mi
Pop: 43,509
$61,348
Walk: 7.4
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