Private Schools Market: ZIP 38104
Opportunity Score
55
/ 100
Fair
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 38104 is an urban area with high foot traffic. with a population of 22,925 and household incomes near the national median ($56,452). There are 4 private schools operations in ZIP 38104.
Area Profile
22,925
Population
$56,452
Median Income
-24% vs. national
Urban
Area Type
15.3/20
Foot Traffic
Very Walkable
Median Age: 37.3 —
mixed-age market, broad menu appeal.
College-Educated: 40.7% —
strong appetite for artisan/specialty food.
Competition
Private Schools and related businesses in ZIP 38104.
4
Private Schools
Low competition — room to establish
1.7 per 10K residents
9
Child Care Centers
3.9 per 10K residents
What this means:
Private Schools are 30.8% of the relevant market in ZIP 38104 (4 vs. 9 related businesses).
Well-established market — differentiation is non-negotiable.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,500
2BR Fair Market Rent
$1,073
Median Gross Rent
$300 K
Median Home Value
12
Bank Branches
$730 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
- Very Walkable
- Private Schools
- 4
- Related Businesses
- 9
- Bank Branches
- 12
vs. National Average
Median Income
-24% vs. $74,580
Walkability
+4.8 pts vs. national avg
Nearby Markets
38112
2.2 mi
Pop: 16,798
$52,639
Walk: 13.3
38105
2.5 mi
Pop: 5,151
$29,316
Walk: 16.7
38126
2.7 mi
Pop: 5,723
$30,825
Walk: 15.0
38114
2.8 mi
Pop: 20,440
$32,080
Walk: 13.0
38107
2.9 mi
Pop: 14,254
$36,393
Walk: 12.6
38106
3.3 mi
Pop: 21,827
$29,818
Walk: 13.1
38103
3.9 mi
Pop: 14,025
$75,763
Walk: 18.3
38108
4.1 mi
Pop: 18,501
$35,435
Walk: 12.2
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