Private Schools Market: ZIP 38468
Opportunity Score
53
/ 100
Fair
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 38468 is an suburban area with low foot traffic. with a population of 5,442 and household incomes near the national median ($59,899).
Area Profile
5,442
Population
$59,899
Median Income
-20% vs. national
Suburban
Area Type
5.9/20
Foot Traffic
Very Car-Dependent
Median Age: 37.8 —
mixed-age market, broad menu appeal.
College-Educated: 8.9% —
value-focused market, keep prices competitive.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,030
2BR Fair Market Rent
$1,060
Median Gross Rent
$190 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.
Quick Facts
- Area Type
- Suburban
- Foot Traffic
- Very Car-Dependent
vs. National Average
Median Income
-20% vs. $74,580
Walkability
-4.6 pts vs. national avg
Nearby Markets
38457
7.3 mi
Pop: 491
$54,459
38460
9.4 mi
Pop: 1,704
$100,052
38469
10.4 mi
Pop: 4,608
$62,903
Walk: 4.5
38473
11.4 mi
Pop: 1,067
$47,794
Walk: 2.6
35610
13.1 mi
Pop: 1,635
$87,645
35648
13.6 mi
Pop: 3,622
$71,563
Walk: 3.3
38456
13.9 mi
Pop: 4,600
$58,913
38464
14.5 mi
Pop: 23,727
$48,239
Walk: 7.5
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