Private Schools Market: ZIP 72002
Opportunity Score
76
/ 100
Good
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 72002 is an urban area. with a population of 21,386 and household incomes above the national median ($78,260).
Area Profile
21,386
Population
$78,260
Median Income
+5% vs. national
Urban
Area Type
Median Age: 34.8 —
mixed-age market, broad menu appeal.
College-Educated: 18.1% —
value-focused market, keep prices competitive.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,010
2BR Fair Market Rent
$1,028
Median Gross Rent
$200 K
Median Home Value
Tips for Starting a Private School Business in Arkansas
- 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
vs. National Average
Median Income
+5% vs. $74,580
Nearby Markets
72210
4.0 mi
Pop: 14,544
$65,765
Walk: 6.6
72022
5.2 mi
Pop: 18,350
$84,471
72223
9.2 mi
Pop: 25,706
$99,063
Walk: 7.5
72211
10.1 mi
Pop: 22,836
$80,808
Walk: 10.2
72019
11.2 mi
Pop: 30,030
$86,025
Walk: 5.8
72212
12.0 mi
Pop: 13,400
$116,310
Walk: 12.5
72103
12.1 mi
Pop: 14,160
$61,967
Walk: 4.2
72011
12.5 mi
Pop: 4,635
$88,636
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