Private Schools Market: ZIP 01864
Opportunity Score
100
/ 100
Excellent
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 01864 is an urban area. with a population of 15,634 and household incomes well above the national median ($150,820).
Area Profile
15,634
Population
$150,820
Median Income
+102% vs. national
Urban
Area Type
Median Age: 43.1 —
older demographic, may prefer sit-down options.
College-Educated: 39.7% —
balanced market for quality & value.
Competition
Private Schools and related businesses in ZIP 01864.
6
Child Care Centers
3.8 per 10K residents
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$2,840
2BR Fair Market Rent
$2,253
Median Gross Rent
$680 K
Median Home Value
5
Bank Branches
$580 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 $150,820. That gives you pricing room most markets don't offer. Don't underprice.
Quick Facts
- Area Type
- Urban
- Related Businesses
- 6
- Bank Branches
- 5
vs. National Average
Median Income
+102% vs. $74,580
Nearby Markets
01867
3.3 mi
Pop: 25,474
$163,407
Walk: 10.1
01940
4.4 mi
Pop: 13,183
$171,044
Walk: 7.1
01880
5.3 mi
Pop: 27,258
$130,419
Walk: 12.4
01887
5.6 mi
Pop: 23,195
$161,473
Walk: 7.9
01949
5.8 mi
Pop: 9,727
$171,458
01845
6.6 mi
Pop: 31,881
$134,319
Walk: 11.4
01937
6.9 mi
Pop: 146
Walk: 9.7
01810
7.2 mi
Pop: 35,608
$167,591
Walk: 8.9
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