Private Schools Market: ZIP 02184
Opportunity Score
73
/ 100
Good
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 02184 is an urban area with moderate foot traffic. with a population of 38,762 and household incomes well above the national median ($125,305). There are 6 private schools operations in ZIP 02184.
Area Profile
38,762
Population
$125,305
Median Income
+68% vs. national
Urban
Area Type
13.5/20
Foot Traffic
Walkable
Median Age: 41.3 —
older demographic, may prefer sit-down options.
College-Educated: 33.6% —
balanced market for quality & value.
Competition
Private Schools and related businesses in ZIP 02184.
6
Private Schools
Moderate — proven market
1.5 per 10K residents
17
Child Care Centers
4.4 per 10K residents
What this means:
Private Schools are 26.1% of the relevant market in ZIP 02184 (6 vs. 17 related businesses).
Well-established market — differentiation is non-negotiable.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$2,550
2BR Fair Market Rent
$1,925
Median Gross Rent
$620 K
Median Home Value
12
Bank Branches
$1.8 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 $125,305. That gives you pricing room most markets don't offer. Don't underprice.
Quick Facts
- Area Type
- Urban
- Foot Traffic
- Walkable
- Private Schools
- 6
- Related Businesses
- 17
- Bank Branches
- 12
vs. National Average
Median Income
+68% vs. $74,580
Walkability
+3.0 pts vs. national avg
Nearby Markets
02169
2.5 mi
Pop: 60,928
$92,080
Walk: 14.8
02188
3.1 mi
Pop: 15,396
$102,236
02368
3.9 mi
Pop: 34,736
$103,321
Walk: 11.7
02170
4.3 mi
Pop: 19,685
$101,840
Walk: 15.6
02190
4.4 mi
Pop: 19,029
$99,024
Walk: 8.8
02343
4.6 mi
Pop: 11,267
$107,198
Walk: 7.7
02191
4.7 mi
Pop: 8,130
$116,496
Walk: 12.4
02189
5.0 mi
Pop: 15,231
$91,842
Walk: 13.1
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