Private Schools Market: ZIP 02163
Opportunity Score
48
/ 100
Fair
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 02163 is an urban area. with a population of 1,852 and household incomes near the national median ($74,028).
Area Profile
1,852
Population
$74,028
Median Income
-1% vs. national
Urban
Area Type
Median Age: 22.4 —
young market, strong street food demand.
College-Educated: 43.6% —
strong appetite for artisan/specialty food.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$3,950
2BR Fair Market Rent
$3,501
Median Gross Rent
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
vs. National Average
Median Income
-1% vs. $74,580
Nearby Markets
02134
0.7 mi
Pop: 17,637
$75,317
Walk: 14.5
02138
1.1 mi
Pop: 38,077
$122,040
Walk: 15.7
02139
1.6 mi
Pop: 39,609
$124,648
Walk: 15.9
02446
1.6 mi
Pop: 31,109
$127,519
Walk: 16.4
02140
1.8 mi
Pop: 21,361
$136,382
Walk: 16.3
02215
2.0 mi
Pop: 24,054
$65,827
Walk: 15.4
02143
2.2 mi
Pop: 25,161
$126,102
Walk: 16.2
02135
2.3 mi
Pop: 43,683
$88,208
Walk: 14.0
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