Private Schools Market: ZIP 38112
Opportunity Score
52
/ 100
Fair
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 38112 is an urban area with moderate foot traffic. with a population of 16,798 and household incomes near the national median ($52,639). There are 4 private schools operations in ZIP 38112.
Area Profile
16,798
Population
$52,639
Median Income
-29% vs. national
Urban
Area Type
13.3/20
Foot Traffic
Walkable
Median Age: 32.6 —
mixed-age market, broad menu appeal.
College-Educated: 23.0% —
value-focused market, keep prices competitive.
Competition
Private Schools and related businesses in ZIP 38112.
4
Private Schools
Low competition — room to establish
2.4 per 10K residents
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,200
2BR Fair Market Rent
$969
Median Gross Rent
$210 K
Median Home Value
2
Bank Branches
$200 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
- 4
- Bank Branches
- 2
vs. National Average
Median Income
-29% vs. $74,580
Walkability
+2.8 pts vs. national avg
Nearby Markets
38108
2.2 mi
Pop: 18,501
$35,435
Walk: 12.2
38104
2.2 mi
Pop: 22,925
$56,452
Walk: 15.3
38152
3.4 mi
Pop: 506
Walk: 14.7
38111
3.4 mi
Pop: 43,308
$52,806
Walk: 12.2
38114
3.6 mi
Pop: 20,440
$32,080
Walk: 13.0
38107
3.6 mi
Pop: 14,254
$36,393
Walk: 12.6
38122
3.8 mi
Pop: 25,310
$45,456
Walk: 12.2
38105
4.1 mi
Pop: 5,151
$29,316
Walk: 16.7
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