Private Schools Market: ZIP 02021
Opportunity Score
65
/ 100
Good
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 02021 is an urban area with low foot traffic. with a population of 24,459 and household incomes well above the national median ($128,341). There are 3 private schools operations in ZIP 02021.
Area Profile
24,459
Population
$128,341
Median Income
+72% vs. national
Urban
Area Type
9.9/20
Foot Traffic
Very Car-Dependent
Median Age: 42.8 —
older demographic, may prefer sit-down options.
College-Educated: 47.5% —
strong appetite for artisan/specialty food.
Competition
Private Schools and related businesses in ZIP 02021.
3
Private Schools
Low competition — room to establish
1.2 per 10K residents
12
Child Care Centers
4.9 per 10K residents
What this means:
Private Schools are 20.0% of the relevant market in ZIP 02021 (3 vs. 12 related businesses).
Well-established market — differentiation is non-negotiable.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$2,910
2BR Fair Market Rent
$2,237
Median Gross Rent
$670 K
Median Home Value
7
Bank Branches
$1 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 $128,341. That gives you pricing room most markets don't offer. Don't underprice.
Quick Facts
- Area Type
- Urban
- Foot Traffic
- Very Car-Dependent
- Private Schools
- 3
- Related Businesses
- 12
- Bank Branches
- 7
vs. National Average
Median Income
+72% vs. $74,580
Walkability
-0.6 pts vs. national avg
Nearby Markets
02072
4.2 mi
Pop: 29,074
$104,164
Walk: 11.4
02062
4.7 mi
Pop: 31,380
$97,110
Walk: 11.8
02368
5.0 mi
Pop: 34,736
$103,321
Walk: 11.7
02186
5.4 mi
Pop: 28,716
$177,222
Walk: 12.8
02136
5.5 mi
Pop: 38,071
$96,862
Walk: 14.2
02322
5.8 mi
Pop: 4,753
$129,487
Walk: 11.5
02067
6.1 mi
Pop: 18,478
$183,724
Walk: 7.2
02026
6.2 mi
Pop: 25,109
$124,375
Walk: 11.8
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