Private Schools Market: ZIP 02138
Opportunity Score
77
/ 100
Good
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 02138 is an urban area with high foot traffic. with a population of 38,077 and household incomes well above the national median ($122,040). There are 7 private schools operations in ZIP 02138.
Area Profile
38,077
Population
$122,040
Median Income
+64% vs. national
Urban
Area Type
15.7/20
Foot Traffic
Very Walkable
Median Age: 28.7 —
young market, strong street food demand.
College-Educated: 51.3% —
strong appetite for artisan/specialty food.
Competition
Private Schools and related businesses in ZIP 02138.
7
Private Schools
Moderate — proven market
1.8 per 10K residents
14
Child Care Centers
3.7 per 10K residents
What this means:
Private Schools are 33.3% of the relevant market in ZIP 02138 (7 vs. 14 related businesses).
Well-established market — differentiation is non-negotiable.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$3,840
2BR Fair Market Rent
$2,799
Median Gross Rent
$1.1 M
Median Home Value
15
Bank Branches
$5.9 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 $122,040. That gives you pricing room most markets don't offer. Don't underprice.
Quick Facts
- Area Type
- Urban
- Foot Traffic
- Very Walkable
- Private Schools
- 7
- Related Businesses
- 14
- Bank Branches
- 15
vs. National Average
Median Income
+64% vs. $74,580
Walkability
+5.2 pts vs. national avg
Nearby Markets
02140
0.9 mi
Pop: 21,361
$136,382
Walk: 16.3
02163
1.1 mi
Pop: 1,852
$74,028
02134
1.5 mi
Pop: 17,637
$75,317
Walk: 14.5
02144
1.6 mi
Pop: 25,009
$140,591
Walk: 16.8
02135
2.4 mi
Pop: 43,683
$88,208
Walk: 14.0
02139
2.6 mi
Pop: 39,609
$124,648
Walk: 15.9
02446
2.6 mi
Pop: 31,109
$127,519
Walk: 16.4
02143
2.7 mi
Pop: 25,161
$126,102
Walk: 16.2
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