Private Schools Market: ZIP 01022
Opportunity Score
37
/ 100
Challenging
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 01022 is an urban area with moderate foot traffic. with a population of 2,045 and household incomes near the national median ($56,307). There are 3 private schools operations in ZIP 01022.
Area Profile
2,045
Population
$56,307
Median Income
-25% vs. national
Urban
Area Type
11.2/20
Foot Traffic
Walkable
Median Age: 43.3 —
older demographic, may prefer sit-down options.
College-Educated: 21.9% —
value-focused market, keep prices competitive.
Competition
Private Schools and related businesses in ZIP 01022.
3
Private Schools
Low competition — room to establish
14.7 per 10K residents
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$2,120
2BR Fair Market Rent
$1,878
Median Gross Rent
$170 K
Median Home Value
Tips for Starting a Private School Business in Massachusetts
- 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
vs. National Average
Median Income
-25% vs. $74,580
Walkability
+0.7 pts vs. national avg
Nearby Markets
01020
2.2 mi
Pop: 30,230
$70,971
Walk: 12.1
01151
3.9 mi
Pop: 9,627
$57,113
Walk: 13.7
01033
4.4 mi
Pop: 6,088
$110,188
01104
4.8 mi
Pop: 21,745
$47,530
Walk: 14.1
01075
4.9 mi
Pop: 17,410
$93,646
Walk: 8.0
01013
5.3 mi
Pop: 22,950
$64,039
Walk: 13.9
01119
5.4 mi
Pop: 14,059
$59,172
Walk: 11.9
01109
5.4 mi
Pop: 31,418
$46,821
Walk: 14.2
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