Private Schools Market: ZIP 02740
Opportunity Score
55
/ 100
Fair
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 02740 is an urban area with high foot traffic. with a population of 46,336 and household incomes near the national median ($54,563). There are 4 private schools operations in ZIP 02740.
Area Profile
46,336
Population
$54,563
Median Income
-27% vs. national
Urban
Area Type
15.1/20
Foot Traffic
Very Walkable
Median Age: 37.0 —
mixed-age market, broad menu appeal.
College-Educated: 12.3% —
value-focused market, keep prices competitive.
Competition
Private Schools and related businesses in ZIP 02740.
4
Private Schools
Low competition — room to establish
0.9 per 10K residents
9
Child Care Centers
1.9 per 10K residents
What this means:
Private Schools are 30.8% of the relevant market in ZIP 02740 (4 vs. 9 related businesses).
Well-established market — differentiation is non-negotiable.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,370
2BR Fair Market Rent
$1,052
Median Gross Rent
$300 K
Median Home Value
7
Bank Branches
$1 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.
Quick Facts
- Area Type
- Urban
- Foot Traffic
- Very Walkable
- Private Schools
- 4
- Related Businesses
- 9
- Bank Branches
- 7
vs. National Average
Median Income
-27% vs. $74,580
Walkability
+4.6 pts vs. national avg
Nearby Markets
02746
1.9 mi
Pop: 16,791
$41,023
Walk: 15.4
02744
2.8 mi
Pop: 12,549
$54,841
Walk: 14.7
02745
4.5 mi
Pop: 25,013
$73,154
Walk: 11.0
02719
4.6 mi
Pop: 15,878
$92,500
Walk: 11.2
02747
5.4 mi
Pop: 21,500
$97,665
Walk: 9.6
02743
5.7 mi
Pop: 10,476
$90,683
Walk: 9.2
02748
6.3 mi
Pop: 11,501
$105,455
Walk: 11.4
02739
8.7 mi
Pop: 6,563
$117,308
Walk: 8.1
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