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Rochester, New York MSA Self-Storage Offering With Upside

POPULATION
In 2023, the population in your selected geography is 157,783. The population has changed by 2.56 since 2010. It is estimated that the population in your area will be 159,565 five years from now, which represents a change of 1.1 percent from the current year. The current population is 47.7 percent male and 52.3 percent female. The median age of the population in your area is 44.5, compared with the U.S. average, which is 38.7. The population density in your area is 2,005 people per square mile.

HOUSEHOLDS
There are currently 67,464 households in your selected geography. The number of households has changed by 4.39 since 2010. It is estimated that the number of households in your area will be 68,279 five years from now, which represents a change of 1.2 percent from the current year. The average household size in your area is 2.3 people.

INCOME
In 2023, the median household income for your selected geography is $89,144, compared with the U.S. average, which is currently $68,480.The median household income for your area has changed by 35.25 since 2010. It is estimated that the median household income in your area will be $104,456 five years from now, which represents a change of 17.2 percent from the current year.

The current year per capita income in your area is $55,176, compared with the U.S. average, which is $39,249. The current year’s average household income in your area is $128,021, compared with the U.S. average, which is $100,106.

EMPLOYMENT
In 2023, 77,337 people in your selected area were employed. The 2010 Census revealed that 77.9 percent of employees are in white-collar occupations in this geography, and 10 percent are in blue-collar occupations. In 2023, unemployment in this area was 3.0 percent. In 2010, the average time traveled to work was 20.00 minutes.

HOUSING
The median housing value in your area was $226,358 in 2023, compared with the U.S. median of $268,796. In 2010, there were 47,361.00 owner-occupied housing units and 17,278.00 renter-occupied housing units in your area.

EDUCATION
The selected area in 2023 had a higher level of educational attainment when compared with the U.S averages. 30.0 percent of the selected area’s residents had earned a graduate degree compared with the national average of only 12.7 percent, and 30.0 percent completed a bachelor’s degree, compared with the national average of 20.2 percent.

The number of area residents with an associate degree was higher than the nation’s at 9.4 percent vs. 8.5 percent, respectively.

The area had fewer high-school graduates, 13.4 percent vs. 26.9 percent for the nation. The percentage of residents who completed some college is also lower than the average for the nation, at 13.0 percent in the selected area compared with the 20.1 percent in the U.S.

• Rochester, New York MSA Self-Storage Offering With Upside
• Well Below Market Rents
• 55,445 Net Rentable Square Feet
• 492 Climate-Controlled Units and 46 Secure Outdoor Parking Spaces
• Undersaturated Self-Storage Market: Only 5.40 Net Rentable Square Feet Per Capita Within a Five-Mile Radius
• Excellent Location & Street Frontage
• Dense & Growing Surrounding Population: 157,783 People Currently Living Within a Five-Mile Radius
• Affluent Market: Average Household Income Within Three and Five Miles is Above the National Average
• Average HHI: 3-Miles: $122,562 | 5-Miles: $128,021

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