Private Schools Market: ZIP 38002
Opportunity Score
98
/ 100
Excellent
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 38002 is an urban area. with a population of 43,868 and household incomes well above the national median ($115,478).
Area Profile
43,868
Population
$115,478
Median Income
+55% vs. national
Urban
Area Type
Median Age: 39.9 —
mixed-age market, broad menu appeal.
College-Educated: 30.6% —
balanced market for quality & value.
Competition
Private Schools and related businesses in ZIP 38002.
7
Child Care Centers
1.6 per 10K residents
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,900
2BR Fair Market Rent
$1,695
Median Gross Rent
$360 K
Median Home Value
12
Bank Branches
$590 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.
- The median income here is $115,478. That gives you pricing room most markets don't offer. Don't underprice.
Quick Facts
- Area Type
- Urban
- Related Businesses
- 7
- Bank Branches
- 12
vs. National Average
Median Income
+55% vs. $74,580
Nearby Markets
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