Private Schools Market: ZIP 98002
Opportunity Score
59
/ 100
Fair
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 98002 is an urban area with moderate foot traffic. with a population of 37,284 and household incomes above the national median ($77,714). There are 4 private schools operations in ZIP 98002.
Area Profile
37,284
Population
$77,714
Median Income
+4% vs. national
Urban
Area Type
13.8/20
Foot Traffic
Walkable
Median Age: 35.6 —
mixed-age market, broad menu appeal.
College-Educated: 12.1% —
value-focused market, keep prices competitive.
Competition
Private Schools and related businesses in ZIP 98002.
4
Private Schools
Low competition — room to establish
1.1 per 10K residents
12
Child Care Centers
3.2 per 10K residents
What this means:
Private Schools are 25.0% of the relevant market in ZIP 98002 (4 vs. 12 related businesses).
Well-established market — differentiation is non-negotiable.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$2,390
2BR Fair Market Rent
$1,613
Median Gross Rent
$400 K
Median Home Value
11
Bank Branches
$1.3 M deposits
Tips for Starting a Private School Business in Washington
- 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
- Walkable
- Private Schools
- 4
- Related Businesses
- 12
- Bank Branches
- 11
vs. National Average
Median Income
+4% vs. $74,580
Walkability
+3.3 pts vs. national avg
Nearby Markets
98001
3.4 mi
Pop: 36,041
$107,218
Walk: 8.8
98047
4.0 mi
Pop: 6,900
$102,723
Walk: 10.2
98030
4.2 mi
Pop: 38,492
$91,218
Walk: 14.7
98092
6.3 mi
Pop: 50,510
$116,614
Walk: 7.7
98032
6.4 mi
Pop: 40,150
$77,413
Walk: 14.2
98003
6.8 mi
Pop: 52,210
$70,800
Walk: 14.0
98390
6.8 mi
Pop: 11,497
$97,815
Walk: 9.0
98031
6.9 mi
Pop: 40,898
$101,458
Walk: 12.4
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