Private Schools Market: ZIP 02176
Opportunity Score
91
/ 100
Excellent
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 02176 is an urban area with moderate foot traffic. with a population of 29,488 and household incomes well above the national median ($126,854).
Area Profile
29,488
Population
$126,854
Median Income
+70% vs. national
Urban
Area Type
14.4/20
Foot Traffic
Very Car-Dependent
Median Age: 44.3 —
older demographic, may prefer sit-down options.
College-Educated: 46.3% —
strong appetite for artisan/specialty food.
Competition
Private Schools and related businesses in ZIP 02176.
8
Child Care Centers
2.7 per 10K residents
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$2,620
2BR Fair Market Rent
$1,933
Median Gross Rent
$800 K
Median Home Value
8
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.
- The median income here is $126,854. That gives you pricing room most markets don't offer. Don't underprice.
Quick Facts
- Area Type
- Urban
- Foot Traffic
- Very Car-Dependent
- Related Businesses
- 8
- Bank Branches
- 8
vs. National Average
Median Income
+70% vs. $74,580
Walkability
+3.9 pts vs. national avg
Nearby Markets
02148
1.8 mi
Pop: 65,509
$95,298
Walk: 15.0
02180
3.0 mi
Pop: 22,986
$112,635
Walk: 12.9
01906
3.3 mi
Pop: 28,599
$100,819
Walk: 13.7
02149
3.4 mi
Pop: 49,236
$79,658
Walk: 14.8
01880
3.4 mi
Pop: 27,258
$130,419
Walk: 12.4
02155
4.0 mi
Pop: 61,276
$118,403
Walk: 14.8
02150
4.5 mi
Pop: 39,444
$72,122
Walk: 15.5
02151
4.7 mi
Pop: 59,949
$80,948
Walk: 14.8
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