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Private Schools Market: ZIP 38024

Opportunity Score

56 / 100 Fair

Based on walkability, population density, income levels, and local business competition.

Market Summary

ZIP 38024 is an suburban area with low foot traffic. with a population of 25,357 and household incomes near the national median ($54,303).

Area Profile

25,357

Population

$54,303

Median Income

-27% vs. national

Suburban

Area Type

7.7/20

Foot Traffic

Car-Dependent

Median Age: 41.7 — older demographic, may prefer sit-down options.

College-Educated: 14.4% — value-focused market, keep prices competitive.

Competition

Private Schools and related businesses in ZIP 38024.

Child Care Centers

2.4 per 10K residents

Operating Costs

Local cost levels affect space, labor, and operating expenses.

$900

2BR Fair Market Rent

$757

Median Gross Rent

$170 K

Median Home Value

Bank Branches

$920 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: Suburban
Foot Traffic: Car-Dependent
Related Businesses: 6
Bank Branches: 13

vs. National Average

Median Income

-27% vs. $74,580

Walkability

-2.8 pts vs. national avg

Data sources

U.S. Census Bureau (ACS, ZBP) · HUD Fair Market Rents · EPA Walkability Index · USDA RUCA · IRS SOI · FDIC Summary of Deposits