Private Schools Market: ZIP 98004
Opportunity Score
78
/ 100
Good
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 98004 is an urban area with moderate foot traffic. with a population of 39,435 and household incomes well above the national median ($176,367). There are 12 private schools operations in ZIP 98004.
Area Profile
39,435
Population
$176,367
Median Income
+136% vs. national
Urban
Area Type
12.7/20
Foot Traffic
Walkable
Median Age: 38.4 —
mixed-age market, broad menu appeal.
College-Educated: 60.0% —
strong appetite for artisan/specialty food.
Competition
Private Schools and related businesses in ZIP 98004.
12
Private Schools
Moderate — proven market
3.0 per 10K residents
34
Child Care Centers
8.6 per 10K residents
What this means:
Private Schools are 26.1% of the relevant market in ZIP 98004 (12 vs. 34 related businesses).
Well-established market — differentiation is non-negotiable.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$3,960
2BR Fair Market Rent
$2,706
Median Gross Rent
$2 M
Median Home Value
32
Bank Branches
$11 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.
- The median income here is $176,367. That gives you pricing room most markets don't offer. Don't underprice.
Quick Facts
- Area Type
- Urban
- Foot Traffic
- Walkable
- Private Schools
- 12
- Related Businesses
- 34
- Bank Branches
- 32
vs. National Average
Median Income
+136% vs. $74,580
Walkability
+2.2 pts vs. national avg
Nearby Markets
98005
2.6 mi
Pop: 21,929
$158,396
Walk: 13.5
98039
2.7 mi
Pop: 2,889
$249,688
Walk: 12.3
98033
4.1 mi
Pop: 40,662
$174,005
Walk: 14.1
98007
4.2 mi
Pop: 26,838
$126,814
Walk: 14.2
98040
4.2 mi
Pop: 25,282
$202,359
Walk: 11.4
98112
5.8 mi
Pop: 23,961
$162,073
Walk: 16.5
98006
5.8 mi
Pop: 40,770
$197,344
Walk: 13.1
98105
6.2 mi
Pop: 49,229
$78,691
Walk: 16.1
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