Private Schools Market: ZIP 01803
Opportunity Score
66
/ 100
Good
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 01803 is an urban area with moderate foot traffic. with a population of 26,068 and household incomes well above the national median ($142,421). There are 3 private schools operations in ZIP 01803.
Area Profile
26,068
Population
$142,421
Median Income
+91% vs. national
Urban
Area Type
10.5/20
Foot Traffic
Walkable
Median Age: 44.9 —
older demographic, may prefer sit-down options.
College-Educated: 43.2% —
strong appetite for artisan/specialty food.
Competition
Private Schools and related businesses in ZIP 01803.
3
Private Schools
Low competition — room to establish
1.2 per 10K residents
14
Child Care Centers
5.4 per 10K residents
What this means:
Private Schools are 17.6% of the relevant market in ZIP 01803 (3 vs. 14 related businesses).
Well-established market — differentiation is non-negotiable.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$3,100
2BR Fair Market Rent
$2,615
Median Gross Rent
$680 K
Median Home Value
19
Bank Branches
$3 M 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 $142,421. 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
- 14
- Bank Branches
- 19
vs. National Average
Median Income
+91% vs. $74,580
Walkability
+-0.0 pts vs. national avg
Nearby Markets
02420
3.2 mi
Pop: 16,287
$233,068
Walk: 11.9
01801
3.4 mi
Pop: 41,205
$107,754
Walk: 12.9
01821
4.7 mi
Pop: 30,203
$142,564
Walk: 11.0
01887
5.0 mi
Pop: 23,195
$161,473
Walk: 7.9
02421
5.2 mi
Pop: 17,798
$212,843
Walk: 13.3
01890
5.3 mi
Pop: 22,862
$218,176
Walk: 12.6
01730
5.5 mi
Pop: 14,478
$158,286
01731
6.3 mi
Pop: 1,745
$101,194
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