Private Schools Market: ZIP 98105
Opportunity Score
64
/ 100
Good
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 98105 is an urban area with high foot traffic. with a population of 49,229 and household incomes above the national median ($78,691). There are 5 private schools operations in ZIP 98105.
Area Profile
49,229
Population
$78,691
Median Income
+6% vs. national
Urban
Area Type
16.1/20
Foot Traffic
Very Walkable
Median Age: 24.7 —
young market, strong street food demand.
College-Educated: 38.0% —
balanced market for quality & value.
Competition
Private Schools and related businesses in ZIP 98105.
5
Private Schools
Low competition — room to establish
1.0 per 10K residents
19
Child Care Centers
3.9 per 10K residents
What this means:
Private Schools are 20.8% of the relevant market in ZIP 98105 (5 vs. 19 related businesses).
Well-established market — differentiation is non-negotiable.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$2,780
2BR Fair Market Rent
$1,803
Median Gross Rent
$1.3 M
Median Home Value
13
Bank Branches
$2.5 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
- Very Walkable
- Private Schools
- 5
- Related Businesses
- 19
- Bank Branches
- 13
vs. National Average
Median Income
+6% vs. $74,580
Walkability
+5.6 pts vs. national avg
Nearby Markets
98112
1.6 mi
Pop: 23,961
$162,073
Walk: 16.5
98195
1.7 mi
Pop: 2,471
98115
1.8 mi
Pop: 54,248
$148,190
Walk: 16.2
98102
3.2 mi
Pop: 26,583
$114,395
98039
3.5 mi
Pop: 2,889
$249,688
Walk: 12.3
98103
3.6 mi
Pop: 51,988
$127,372
Walk: 16.4
98122
3.6 mi
Pop: 42,001
$106,479
Walk: 16.2
98125
4.1 mi
Pop: 43,807
$96,725
Walk: 14.3
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