Private Schools Market: ZIP 37918
Opportunity Score
55
/ 100
Fair
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 37918 is an urban area with moderate foot traffic. with a population of 45,978 and household incomes near the national median ($69,311). There are 5 private schools operations in ZIP 37918.
Area Profile
45,978
Population
$69,311
Median Income
-7% vs. national
Urban
Area Type
11.2/20
Foot Traffic
Walkable
Median Age: 38.9 —
mixed-age market, broad menu appeal.
College-Educated: 22.1% —
value-focused market, keep prices competitive.
Competition
Private Schools and related businesses in ZIP 37918.
5
Private Schools
Low competition — room to establish
1.1 per 10K residents
11
Child Care Centers
2.4 per 10K residents
What this means:
Private Schools are 31.3% of the relevant market in ZIP 37918 (5 vs. 11 related businesses).
Well-established market — differentiation is non-negotiable.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,490
2BR Fair Market Rent
$1,102
Median Gross Rent
$240 K
Median Home Value
10
Bank Branches
$890 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
- 5
- Related Businesses
- 11
- Bank Branches
- 10
vs. National Average
Median Income
-7% vs. $74,580
Walkability
+0.7 pts vs. national avg
Nearby Markets
37917
3.8 mi
Pop: 25,738
$51,232
Walk: 12.9
37938
4.9 mi
Pop: 16,904
$80,868
Walk: 5.3
37912
5.7 mi
Pop: 22,009
$44,754
Walk: 9.5
37915
6.1 mi
Pop: 6,124
$22,236
Walk: 12.8
37929
6.5 mi
Pop: 0
Walk: 17.0
37902
6.5 mi
Pop: 2,308
$56,397
37916
7.2 mi
Pop: 14,771
$17,982
Walk: 15.3
37924
7.6 mi
Pop: 14,672
$73,794
Walk: 6.6
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