Private Schools Market: ZIP 38134
Opportunity Score
50
/ 100
Fair
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 38134 is an urban area with moderate foot traffic. with a population of 42,500 and household incomes near the national median ($61,172). There are 3 private schools operations in ZIP 38134.
Area Profile
42,500
Population
$61,172
Median Income
-18% vs. national
Urban
Area Type
10.5/20
Foot Traffic
Walkable
Median Age: 33.9 —
mixed-age market, broad menu appeal.
College-Educated: 13.6% —
value-focused market, keep prices competitive.
Competition
Private Schools and related businesses in ZIP 38134.
3
Private Schools
Low competition — room to establish
0.7 per 10K residents
9
Child Care Centers
2.1 per 10K residents
What this means:
Private Schools are 25.0% of the relevant market in ZIP 38134 (3 vs. 9 related businesses).
Well-established market — differentiation is non-negotiable.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,370
2BR Fair Market Rent
$1,147
Median Gross Rent
$180 K
Median Home Value
11
Bank Branches
$1 M 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
- 3
- Related Businesses
- 9
- Bank Branches
- 11
vs. National Average
Median Income
-18% vs. $74,580
Walkability
+0.0 pts vs. national avg
Nearby Markets
38120
3.6 mi
Pop: 13,249
$119,309
Walk: 13.6
38122
4.4 mi
Pop: 25,310
$45,456
Walk: 12.2
38135
4.5 mi
Pop: 30,490
$92,458
Walk: 7.9
38117
5.1 mi
Pop: 26,327
$93,688
Walk: 13.5
38133
5.3 mi
Pop: 21,153
$82,485
Walk: 10.4
38029
5.3 mi
Pop: 34
38128
5.7 mi
Pop: 44,027
$43,166
Walk: 9.8
38152
6.6 mi
Pop: 506
Walk: 14.7
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