Private Schools Market: ZIP 07928
Opportunity Score
68
/ 100
Good
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 07928 is an urban area with moderate foot traffic. with a population of 19,667 and household incomes well above the national median ($236,000). There are 4 private schools operations in ZIP 07928.
Area Profile
19,667
Population
$236,000
Median Income
+216% vs. national
Urban
Area Type
11.3/20
Foot Traffic
Walkable
Median Age: 39.8 —
mixed-age market, broad menu appeal.
College-Educated: 53.1% —
strong appetite for artisan/specialty food.
Competition
Private Schools and related businesses in ZIP 07928.
4
Private Schools
Low competition — room to establish
2.0 per 10K residents
9
Child Care Centers
4.6 per 10K residents
What this means:
Private Schools are 30.8% of the relevant market in ZIP 07928 (4 vs. 9 related businesses).
Well-established market — differentiation is non-negotiable.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$3,090
2BR Fair Market Rent
$2,441
Median Gross Rent
$970 K
Median Home Value
7
Bank Branches
$1.8 M deposits
Tips for Starting a Private School Business in New Jersey
- 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 $236,000. 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
- 9
- Bank Branches
- 7
vs. National Average
Median Income
+216% vs. $74,580
Walkability
+0.8 pts vs. national avg
Nearby Markets
07974
2.1 mi
Pop: 12,737
$168,860
Walk: 10.6
07940
2.5 mi
Pop: 17,675
$168,520
Walk: 11.1
07935
2.6 mi
Pop: 597
$104,519
07901
3.4 mi
Pop: 24,502
$177,986
Walk: 12.5
07922
3.4 mi
Pop: 11,971
$179,006
Walk: 9.8
07933
3.5 mi
Pop: 2,920
$162,538
07932
3.9 mi
Pop: 11,498
$147,009
Walk: 11.6
07961
4.1 mi
Pop: 342
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