Private Schools Market: ZIP 02494
Opportunity Score
68
/ 100
Good
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 02494 is an urban area with moderate foot traffic. with a population of 10,578 and household incomes well above the national median ($173,750). There are 4 private schools operations in ZIP 02494.
Area Profile
10,578
Population
$173,750
Median Income
+133% vs. national
Urban
Area Type
11.3/20
Foot Traffic
Walkable
Median Age: 43.5 —
older demographic, may prefer sit-down options.
College-Educated: 51.1% —
strong appetite for artisan/specialty food.
Competition
Private Schools and related businesses in ZIP 02494.
4
Private Schools
Low competition — room to establish
3.8 per 10K residents
7
Child Care Centers
6.6 per 10K residents
What this means:
Private Schools are 36.4% of the relevant market in ZIP 02494 (4 vs. 7 related businesses).
Well-established market — differentiation is non-negotiable.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$2,710
2BR Fair Market Rent
$2,452
Median Gross Rent
$1.1 M
Median Home Value
6
Bank Branches
$650 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 $173,750. That gives you pricing room most markets don't offer. Don't underprice.
Quick Facts
- Area Type
- Urban
- Foot Traffic
- Walkable
- Private Schools
- 4
- Related Businesses
- 7
- Bank Branches
- 6
vs. National Average
Median Income
+133% vs. $74,580
Walkability
+0.8 pts vs. national avg
Nearby Markets
02464
1.3 mi
Pop: 3,730
$125,846
Walk: 17.6
02492
1.8 mi
Pop: 21,481
$222,063
Walk: 9.6
02468
2.0 mi
Pop: 5,901
$250,001
Walk: 13.0
02461
2.1 mi
Pop: 6,717
$207,292
Walk: 15.2
02462
2.8 mi
Pop: 1,459
$210,682
02459
2.9 mi
Pop: 18,604
$214,941
02457
2.9 mi
Pop: 1,886
02481
3.3 mi
Pop: 17,262
$250,001
Walk: 11.3
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