Private Schools Market: ZIP 08104
Opportunity Score
49
/ 100
Fair
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 08104 is an urban area with moderate foot traffic. with a population of 21,508 and household incomes below the national median ($36,566). There are 4 private schools operations in ZIP 08104.
Area Profile
21,508
Population
$36,566
Median Income
-51% vs. national
Urban
Area Type
14.2/20
Foot Traffic
Very Car-Dependent
Median Age: 33.4 —
mixed-age market, broad menu appeal.
College-Educated: 5.4% —
value-focused market, keep prices competitive.
Competition
Private Schools and related businesses in ZIP 08104.
4
Private Schools
Low competition — room to establish
1.9 per 10K residents
4
Child Care Centers
1.9 per 10K residents
What this means:
Private Schools are 50.0% of the relevant market in ZIP 08104 (4 vs. 4 related businesses).
Well-established market — differentiation is non-negotiable.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,420
2BR Fair Market Rent
$1,105
Median Gross Rent
$88 K
Median Home Value
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.
- Median income sits at $36,566. Price sensitivity is real. Build your model around volume or keep overhead minimal.
Quick Facts
- Area Type
- Urban
- Foot Traffic
- Very Car-Dependent
- Private Schools
- 4
- Related Businesses
- 4
vs. National Average
Median Income
-51% vs. $74,580
Walkability
+3.7 pts vs. national avg
Nearby Markets
08103
1.3 mi
Pop: 13,137
$37,563
Walk: 13.9
08107
1.9 mi
Pop: 13,699
$70,262
Walk: 15.1
08030
1.9 mi
Pop: 13,185
$66,190
Walk: 14.6
08059
2.5 mi
Pop: 5,616
$95,635
Walk: 14.0
08105
2.6 mi
Pop: 26,681
$48,319
Walk: 14.0
08102
2.6 mi
Pop: 8,090
$30,895
Walk: 15.8
19148
2.8 mi
Pop: 50,777
$80,469
Walk: 15.7
19106
3.0 mi
Pop: 14,421
$129,779
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