Private Schools Market: ZIP 02368
Opportunity Score
71
/ 100
Good
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 02368 is an urban area with moderate foot traffic. with a population of 34,736 and household incomes well above the national median ($103,321). There are 11 private schools operations in ZIP 02368.
Area Profile
34,736
Population
$103,321
Median Income
+39% vs. national
Urban
Area Type
11.7/20
Foot Traffic
Walkable
Median Age: 41.0 —
older demographic, may prefer sit-down options.
College-Educated: 25.4% —
balanced market for quality & value.
Competition
Private Schools and related businesses in ZIP 02368.
11
Private Schools
Moderate — proven market
3.2 per 10K residents
16
Child Care Centers
4.6 per 10K residents
What this means:
Private Schools are 40.7% of the relevant market in ZIP 02368 (11 vs. 16 related businesses).
Well-established market — differentiation is non-negotiable.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$2,640
2BR Fair Market Rent
$2,049
Median Gross Rent
$460 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 $103,321. That gives you pricing room most markets don't offer. Don't underprice.
Quick Facts
- Area Type
- Urban
- Foot Traffic
- Walkable
- Private Schools
- 11
- Related Businesses
- 16
- Bank Branches
- 8
vs. National Average
Median Income
+39% vs. $74,580
Walkability
+1.2 pts vs. national avg
Nearby Markets
02322
3.2 mi
Pop: 4,753
$129,487
Walk: 11.5
02184
3.9 mi
Pop: 38,762
$125,305
Walk: 13.5
02343
4.6 mi
Pop: 11,267
$107,198
Walk: 7.7
02186
4.8 mi
Pop: 28,716
$177,222
Walk: 12.8
02169
4.9 mi
Pop: 60,928
$92,080
Walk: 14.8
02021
5.0 mi
Pop: 24,459
$128,341
Walk: 9.9
02072
5.4 mi
Pop: 29,074
$104,164
Walk: 11.4
02170
6.6 mi
Pop: 19,685
$101,840
Walk: 15.6
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