Private Schools Market: ZIP 02145
Opportunity Score
92
/ 100
Excellent
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 02145 is an urban area with high foot traffic. with a population of 27,929 and household incomes well above the national median ($119,167).
Area Profile
27,929
Population
$119,167
Median Income
+60% vs. national
Urban
Area Type
15.5/20
Foot Traffic
Very Walkable
Median Age: 33.2 —
mixed-age market, broad menu appeal.
College-Educated: 42.7% —
strong appetite for artisan/specialty food.
Competition
Private Schools and related businesses in ZIP 02145.
8
Child Care Centers
2.9 per 10K residents
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$3,050
2BR Fair Market Rent
$2,377
Median Gross Rent
$780 K
Median Home Value
7
Bank Branches
$1.3 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 $119,167. That gives you pricing room most markets don't offer. Don't underprice.
Quick Facts
- Area Type
- Urban
- Foot Traffic
- Very Walkable
- Related Businesses
- 8
- Bank Branches
- 7
vs. National Average
Median Income
+60% vs. $74,580
Walkability
+5.0 pts vs. national avg
Nearby Markets
02143
0.8 mi
Pop: 25,161
$126,102
Walk: 16.2
02141
1.6 mi
Pop: 14,677
$120,542
Walk: 16.0
02142
2.1 mi
Pop: 4,349
$168,788
Walk: 15.9
02129
2.1 mi
Pop: 19,994
$157,192
Walk: 15.8
02139
2.2 mi
Pop: 39,609
$124,648
Walk: 15.9
02144
2.4 mi
Pop: 25,009
$140,591
Walk: 16.8
02155
2.5 mi
Pop: 61,276
$118,403
Walk: 14.8
02114
2.5 mi
Pop: 13,853
$135,057
Walk: 15.7
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