Private Schools Market: ZIP 02493
Opportunity Score
63
/ 100
Good
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 02493 is an urban area with low foot traffic. with a population of 11,443 and household incomes well above the national median ($250,001). There are 4 private schools operations in ZIP 02493.
Area Profile
11,443
Population
$250,001
Median Income
+235% vs. national
Urban
Area Type
7.1/20
Foot Traffic
Car-Dependent
Median Age: 44.9 —
older demographic, may prefer sit-down options.
College-Educated: 53.8% —
strong appetite for artisan/specialty food.
Competition
Private Schools and related businesses in ZIP 02493.
4
Private Schools
Low competition — room to establish
3.5 per 10K residents
9
Child Care Centers
7.9 per 10K residents
What this means:
Private Schools are 30.8% of the relevant market in ZIP 02493 (4 vs. 9 related businesses).
Well-established market — differentiation is non-negotiable.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$2,830
2BR Fair Market Rent
$2,168
Median Gross Rent
$1.6 M
Median Home Value
4
Bank Branches
$670 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 $250,001. That gives you pricing room most markets don't offer. Don't underprice.
Quick Facts
- Area Type
- Urban
- Foot Traffic
- Car-Dependent
- Private Schools
- 4
- Related Businesses
- 9
- Bank Branches
- 4
vs. National Average
Median Income
+235% vs. $74,580
Walkability
-3.4 pts vs. national avg
Nearby Markets
02462
3.8 mi
Pop: 1,459
$210,682
02481
3.9 mi
Pop: 17,262
$250,001
Walk: 11.3
02466
4.0 mi
Pop: 8,553
$170,852
Walk: 14.6
01778
4.0 mi
Pop: 13,915
$219,531
Walk: 8.2
02453
4.3 mi
Pop: 30,314
$114,029
Walk: 15.8
02451
4.5 mi
Pop: 18,153
$119,509
Walk: 13.9
01773
4.5 mi
Pop: 5,257
$197,292
Walk: 7.8
02482
4.7 mi
Pop: 10,758
$240,069
Walk: 11.4
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