Private Schools Market: ZIP 38107
Opportunity Score
47
/ 100
Fair
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 38107 is an urban area with moderate foot traffic. with a population of 14,254 and household incomes below the national median ($36,393). There are 4 private schools operations in ZIP 38107.
Area Profile
14,254
Population
$36,393
Median Income
-51% vs. national
Urban
Area Type
12.6/20
Foot Traffic
Walkable
Median Age: 38.1 —
mixed-age market, broad menu appeal.
College-Educated: 17.0% —
value-focused market, keep prices competitive.
Competition
Private Schools and related businesses in ZIP 38107.
4
Private Schools
Low competition — room to establish
2.8 per 10K residents
4
Child Care Centers
2.8 per 10K residents
What this means:
Private Schools are 50.0% of the relevant market in ZIP 38107 (4 vs. 4 related businesses).
Well-established market — differentiation is non-negotiable.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,170
2BR Fair Market Rent
$999
Median Gross Rent
$130 K
Median Home Value
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.
- Median income sits at $36,393. Price sensitivity is real. Build your model around volume or keep overhead minimal.
Quick Facts
- Area Type
- Urban
- Foot Traffic
- Walkable
- Private Schools
- 4
- Related Businesses
- 4
vs. National Average
Median Income
-51% vs. $74,580
Walkability
+2.1 pts vs. national avg
Nearby Markets
38105
1.5 mi
Pop: 5,151
$29,316
Walk: 16.7
38103
2.6 mi
Pop: 14,025
$75,763
Walk: 18.3
38104
2.9 mi
Pop: 22,925
$56,452
Walk: 15.3
38126
3.3 mi
Pop: 5,723
$30,825
Walk: 15.0
38112
3.6 mi
Pop: 16,798
$52,639
Walk: 13.3
38108
4.1 mi
Pop: 18,501
$35,435
Walk: 12.2
38106
4.9 mi
Pop: 21,827
$29,818
Walk: 13.1
38127
5.0 mi
Pop: 39,553
$37,768
Walk: 9.3
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