Private Schools Market: ZIP 01106
Opportunity Score
66
/ 100
Good
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 01106 is an urban area with moderate foot traffic. with a population of 15,961 and household incomes well above the national median ($143,961). There are 3 private schools operations in ZIP 01106.
Area Profile
15,961
Population
$143,961
Median Income
+93% vs. national
Urban
Area Type
10.4/20
Foot Traffic
Walkable
Median Age: 45.1 —
older demographic, may prefer sit-down options.
College-Educated: 45.4% —
strong appetite for artisan/specialty food.
Competition
Private Schools and related businesses in ZIP 01106.
3
Private Schools
Low competition — room to establish
1.9 per 10K residents
4
Child Care Centers
2.5 per 10K residents
What this means:
Private Schools are 42.9% of the relevant market in ZIP 01106 (3 vs. 4 related businesses).
Well-established market — differentiation is non-negotiable.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$2,240
2BR Fair Market Rent
$2,056
Median Gross Rent
$420 K
Median Home Value
5
Bank Branches
$790 K deposits
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.
- The median income here is $143,961. That gives you pricing room most markets don't offer. Don't underprice.
Quick Facts
- Area Type
- Urban
- Foot Traffic
- Walkable
- Private Schools
- 3
- Related Businesses
- 4
- Bank Branches
- 5
vs. National Average
Median Income
+93% vs. $74,580
Walkability
-0.2 pts vs. national avg
Nearby Markets
01108
2.6 mi
Pop: 27,409
$51,851
Walk: 14.3
01105
3.6 mi
Pop: 11,469
$22,994
Walk: 15.1
06082
4.3 mi
Pop: 41,100
$91,141
Walk: 8.4
01144
4.3 mi
Pop: 0
Walk: 15.7
01118
4.3 mi
Pop: 15,009
$80,906
Walk: 11.8
01001
4.5 mi
Pop: 16,136
$71,924
Walk: 7.1
01103
4.5 mi
Pop: 2,336
$21,458
01028
4.6 mi
Pop: 16,283
$100,997
Walk: 6.7
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