Private Schools Market: ZIP 02482
Opportunity Score
69
/ 100
Good
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 02482 is an urban area with moderate foot traffic. with a population of 10,758 and household incomes well above the national median ($240,069). There are 5 private schools operations in ZIP 02482.
Area Profile
10,758
Population
$240,069
Median Income
+222% vs. national
Urban
Area Type
11.4/20
Foot Traffic
Walkable
Median Age: 47.6 —
older demographic, may prefer sit-down options.
College-Educated: 57.8% —
strong appetite for artisan/specialty food.
Competition
Private Schools and related businesses in ZIP 02482.
5
Private Schools
Low competition — room to establish
4.6 per 10K residents
9
Child Care Centers
8.4 per 10K residents
What this means:
Private Schools are 35.7% of the relevant market in ZIP 02482 (5 vs. 9 related businesses).
Well-established market — differentiation is non-negotiable.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$3,650
2BR Fair Market Rent
$2,674
Median Gross Rent
$1.3 M
Median Home Value
10
Bank Branches
$1.7 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 $240,069. 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
- 9
- Bank Branches
- 10
vs. National Average
Median Income
+222% vs. $74,580
Walkability
+0.9 pts vs. national avg
Nearby Markets
02457
1.7 mi
Pop: 1,886
02481
1.8 mi
Pop: 17,262
$250,001
Walk: 11.3
01760
3.7 mi
Pop: 36,520
$134,644
Walk: 10.9
02492
3.8 mi
Pop: 21,481
$222,063
Walk: 9.6
02462
3.9 mi
Pop: 1,459
$210,682
02030
4.1 mi
Pop: 5,893
$250,001
Walk: 5.9
02494
4.5 mi
Pop: 10,578
$173,750
Walk: 11.3
02493
4.7 mi
Pop: 11,443
$250,001
Walk: 7.1
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