Private Schools Market: ZIP 02148
Opportunity Score
83
/ 100
Excellent
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 02148 is an urban area with high foot traffic. with a population of 65,509 and household incomes above the national median ($95,298).
Area Profile
65,509
Population
$95,298
Median Income
+28% vs. national
Urban
Area Type
15.0/20
Foot Traffic
Very Walkable
Median Age: 35.8 —
mixed-age market, broad menu appeal.
College-Educated: 33.0% —
balanced market for quality & value.
Competition
Private Schools and related businesses in ZIP 02148.
14
Child Care Centers
2.1 per 10K residents
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$2,740
2BR Fair Market Rent
$2,066
Median Gross Rent
$610 K
Median Home Value
9
Bank Branches
$1.2 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.
Quick Facts
- Area Type
- Urban
- Foot Traffic
- Very Walkable
- Related Businesses
- 14
- Bank Branches
- 9
vs. National Average
Median Income
+28% vs. $74,580
Walkability
+4.5 pts vs. national avg
Nearby Markets
02149
1.6 mi
Pop: 49,236
$79,658
Walk: 14.8
02176
1.8 mi
Pop: 29,488
$126,854
Walk: 14.4
02150
2.9 mi
Pop: 39,444
$72,122
Walk: 15.5
02155
3.4 mi
Pop: 61,276
$118,403
Walk: 14.8
02145
3.4 mi
Pop: 27,929
$119,167
Walk: 15.5
02129
3.4 mi
Pop: 19,994
$157,192
Walk: 15.8
02151
4.0 mi
Pop: 59,949
$80,948
Walk: 14.8
02180
4.1 mi
Pop: 22,986
$112,635
Walk: 12.9
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