Private Schools Market: ZIP 98404
Opportunity Score
59
/ 100
Fair
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 98404 is an urban area with moderate foot traffic. with a population of 35,829 and household incomes above the national median ($79,562). There are 3 private schools operations in ZIP 98404.
Area Profile
35,829
Population
$79,562
Median Income
+7% vs. national
Urban
Area Type
13.6/20
Foot Traffic
Walkable
Median Age: 35.4 —
mixed-age market, broad menu appeal.
College-Educated: 14.2% —
value-focused market, keep prices competitive.
Competition
Private Schools and related businesses in ZIP 98404.
3
Private Schools
Low competition — room to establish
0.8 per 10K residents
9
Child Care Centers
2.5 per 10K residents
What this means:
Private Schools are 25.0% of the relevant market in ZIP 98404 (3 vs. 9 related businesses).
Well-established market — differentiation is non-negotiable.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,790
2BR Fair Market Rent
$1,440
Median Gross Rent
$390 K
Median Home Value
1
Bank Branches
$43 K 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
- 3
- Related Businesses
- 9
- Bank Branches
- 1
vs. National Average
Median Income
+7% vs. $74,580
Walkability
+3.1 pts vs. national avg
Nearby Markets
98408
2.5 mi
Pop: 20,469
$78,855
Walk: 13.9
98418
2.6 mi
Pop: 10,475
$79,413
Walk: 14.4
98443
2.7 mi
Pop: 5,787
$117,423
98421
3.7 mi
Pop: 249
Walk: 19.3
98402
3.8 mi
Pop: 7,500
$54,712
Walk: 18.2
98409
4.4 mi
Pop: 27,298
$71,649
Walk: 14.6
98424
4.4 mi
Pop: 11,871
$93,633
Walk: 9.8
98444
4.7 mi
Pop: 35,660
$64,464
Walk: 13.2
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