Private Schools Market: ZIP 98115
Opportunity Score
78
/ 100
Good
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 98115 is an urban area with high foot traffic. with a population of 54,248 and household incomes well above the national median ($148,190). There are 8 private schools operations in ZIP 98115.
Area Profile
54,248
Population
$148,190
Median Income
+99% vs. national
Urban
Area Type
16.2/20
Foot Traffic
Very Walkable
Median Age: 37.2 —
mixed-age market, broad menu appeal.
College-Educated: 59.5% —
strong appetite for artisan/specialty food.
Competition
Private Schools and related businesses in ZIP 98115.
8
Private Schools
Moderate — proven market
1.5 per 10K residents
26
Child Care Centers
4.8 per 10K residents
What this means:
Private Schools are 23.5% of the relevant market in ZIP 98115 (8 vs. 26 related businesses).
Well-established market — differentiation is non-negotiable.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$2,960
2BR Fair Market Rent
$2,118
Median Gross Rent
$1 M
Median Home Value
12
Bank Branches
$1.6 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 $148,190. That gives you pricing room most markets don't offer. Don't underprice.
Quick Facts
- Area Type
- Urban
- Foot Traffic
- Very Walkable
- Private Schools
- 8
- Related Businesses
- 26
- Bank Branches
- 12
vs. National Average
Median Income
+99% vs. $74,580
Walkability
+5.7 pts vs. national avg
Nearby Markets
98105
1.8 mi
Pop: 49,229
$78,691
Walk: 16.1
98125
2.4 mi
Pop: 43,807
$96,725
Walk: 14.3
98195
2.8 mi
Pop: 2,471
98112
3.3 mi
Pop: 23,961
$162,073
Walk: 16.5
98103
3.6 mi
Pop: 51,988
$127,372
Walk: 16.4
98102
4.5 mi
Pop: 26,583
$114,395
98039
4.6 mi
Pop: 2,889
$249,688
Walk: 12.3
98155
4.9 mi
Pop: 35,906
$131,911
Walk: 12.7
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