Private Schools Market: ZIP 01604
Opportunity Score
71
/ 100
Good
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 01604 is an urban area with moderate foot traffic. with a population of 39,988 and household incomes near the national median ($72,911).
Area Profile
39,988
Population
$72,911
Median Income
-2% vs. national
Urban
Area Type
13.1/20
Foot Traffic
Walkable
Median Age: 38.1 —
mixed-age market, broad menu appeal.
College-Educated: 22.9% —
value-focused market, keep prices competitive.
Competition
Private Schools and related businesses in ZIP 01604.
7
Child Care Centers
1.8 per 10K residents
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$2,010
2BR Fair Market Rent
$1,570
Median Gross Rent
$320 K
Median Home Value
7
Bank Branches
$670 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.
Quick Facts
- Area Type
- Urban
- Foot Traffic
- Walkable
- Related Businesses
- 7
- Bank Branches
- 7
vs. National Average
Median Income
-2% vs. $74,580
Walkability
+2.6 pts vs. national avg
Nearby Markets
01607
2.4 mi
Pop: 8,755
$66,365
Walk: 8.1
01608
2.4 mi
Pop: 4,951
$45,962
01605
2.8 mi
Pop: 31,086
$54,805
Walk: 14.6
01610
2.8 mi
Pop: 28,719
$43,757
Walk: 14.6
01545
4.3 mi
Pop: 38,440
$136,225
Walk: 7.7
01527
4.3 mi
Pop: 13,899
$116,000
Walk: 15.4
01606
4.5 mi
Pop: 22,269
$92,537
Walk: 11.8
01609
4.8 mi
Pop: 23,184
$61,411
Walk: 11.7
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