Private Schools Market: ZIP 02472
Opportunity Score
74
/ 100
Good
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 02472 is an urban area with moderate foot traffic. with a population of 35,317 and household incomes well above the national median ($123,383). There are 5 private schools operations in ZIP 02472.
Area Profile
35,317
Population
$123,383
Median Income
+65% vs. national
Urban
Area Type
14.9/20
Foot Traffic
Very Car-Dependent
Median Age: 38.8 —
mixed-age market, broad menu appeal.
College-Educated: 53.2% —
strong appetite for artisan/specialty food.
Competition
Private Schools and related businesses in ZIP 02472.
5
Private Schools
Low competition — room to establish
1.4 per 10K residents
21
Child Care Centers
5.9 per 10K residents
What this means:
Private Schools are 19.2% of the relevant market in ZIP 02472 (5 vs. 21 related businesses).
Well-established market — differentiation is non-negotiable.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$2,870
2BR Fair Market Rent
$2,356
Median Gross Rent
$740 K
Median Home Value
13
Bank Branches
$1.9 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 $123,383. That gives you pricing room most markets don't offer. Don't underprice.
Quick Facts
- Area Type
- Urban
- Foot Traffic
- Very Car-Dependent
- Private Schools
- 5
- Related Businesses
- 21
- Bank Branches
- 13
vs. National Average
Median Income
+65% vs. $74,580
Walkability
+4.4 pts vs. national avg
Nearby Markets
02458
1.3 mi
Pop: 13,308
$151,782
Walk: 14.8
02478
1.8 mi
Pop: 26,966
$177,790
Walk: 14.4
02135
2.1 mi
Pop: 43,683
$88,208
Walk: 14.0
02460
2.4 mi
Pop: 10,033
$154,329
Walk: 15.7
02138
3.0 mi
Pop: 38,077
$122,040
Walk: 15.7
02476
3.3 mi
Pop: 17,732
$145,150
Walk: 15.0
02134
3.4 mi
Pop: 17,637
$75,317
Walk: 14.5
02140
3.4 mi
Pop: 21,361
$136,382
Walk: 16.3
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