Private Schools Market: ZIP 02445
Opportunity Score
71
/ 100
Good
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 02445 is an urban area with moderate foot traffic. with a population of 22,568 and household incomes well above the national median ($145,878). There are 5 private schools operations in ZIP 02445.
Area Profile
22,568
Population
$145,878
Median Income
+96% vs. national
Urban
Area Type
13.0/20
Foot Traffic
Walkable
Median Age: 34.1 —
mixed-age market, broad menu appeal.
College-Educated: 58.6% —
strong appetite for artisan/specialty food.
Competition
Private Schools and related businesses in ZIP 02445.
5
Private Schools
Low competition — room to establish
2.2 per 10K residents
14
Child Care Centers
6.2 per 10K residents
What this means:
Private Schools are 26.3% of the relevant market in ZIP 02445 (5 vs. 14 related businesses).
Well-established market — differentiation is non-negotiable.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$3,710
2BR Fair Market Rent
$2,779
Median Gross Rent
$1.2 M
Median Home Value
4
Bank Branches
$580 K 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 $145,878. That gives you pricing room most markets don't offer. Don't underprice.
Quick Facts
- Area Type
- Urban
- Foot Traffic
- Walkable
- Private Schools
- 5
- Related Businesses
- 14
- Bank Branches
- 4
vs. National Average
Median Income
+96% vs. $74,580
Walkability
+2.5 pts vs. national avg
Nearby Markets
02467
1.4 mi
Pop: 22,325
$173,854
Walk: 13.9
02446
1.5 mi
Pop: 31,109
$127,519
Walk: 16.4
02130
1.9 mi
Pop: 41,109
$130,533
Walk: 15.0
02135
2.1 mi
Pop: 43,683
$88,208
Walk: 14.0
02134
2.3 mi
Pop: 17,637
$75,317
Walk: 14.5
02215
2.7 mi
Pop: 24,054
$65,827
Walk: 15.4
02120
2.7 mi
Pop: 15,248
$61,472
Walk: 15.8
02115
3.0 mi
Pop: 28,621
$53,398
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