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Salem, Oregon Self Storage Offering with Upside

POPULATION
In 2024, the population in your selected geography is 217,056. The population has changed by 11.46 percent since 2010. It is estimated that the population in your area will be 223,810 five years from now, which represents a change of 3.1 percent from the current year. The current population is 50.1 percent male and 49.9 percent female. The median age of the population in your area is 36.0, compared with the U.S. average, which is 39.0. The population density in your area is 2,756 people per square mile.

HOUSEHOLDS
There are currently 81,404 households in your selected geography. The number of households has changed by 14.05 percent since 2010. It is estimated that the number of households in your area will be 84,154 five years from now, which represents a change of 3.4 percent from the current year. The average household size in your area is 2.6 people.

INCOME
In 2024, the median household income for your selected geography is $73,886, compared with the U.S. average, which is currently $76,141. The median household income for your area has changed by 75.61 percent since 2010. It is estimated that the median household income in your area will be $81,635 five years from now, which represents a change of 10.5 percent from the current year.

The current year per capita income in your area is $33,284, compared with the U.S. average, which is $40,471. The current year’s average household income in your area is $87,682, compared with the U.S. average, which is $101,307.

EMPLOYMENT
In 2024, 101,760 people in your selected area were employed. The 2010 Census revealed that 58.6 percent of employees are in white-collar occupations in this geography, and 20.4 percent are in blue-collar occupations. In 2024, unemployment in this area was 4.0 percent. In 2010, the average time traveled to work was 24.00 minutes.

HOUSING
The median housing value in your area was $356,856 in 2024, compared with the U.S. median of $321,016. In 2010, there were 39,408 owner-occupied housing units and 31,967.00 renter-occupied housing units in your area.

EDUCATION
The selected area in 2024 had a lower level of educational attainment when compared with the U.S averages. 23.5 percent of the selected area’s residents had earned a graduate degree compared with the national average of only 13.5 percent, and 9.9 percent completed a bachelor’s degree, compared with the national average of 21.1 percent.

The number of area residents with an associate degree was higher than the nation’s at 16.9 percent vs. 8.8 percent, respectively.

The area had fewer high-school graduates, 2.2 percent vs. 26.2 percent for the nation, but the percentage of residents who completed some college is higher than the average for the nation, at 34.2 percent in the selected area compared with the 19.7 percent in the U.S.

• Salem, Oregon Self Storage Offering with Upside
• 47,125 Net Rentable Square Feet
• 380 Non-Climate Controlled Units & 21 Outdoor Parking Spaces
• Great Location & Street Frontage
• High Daily Traffic Counts: ~12,000 Cars/Day on Cherry Avenue Northeast
• Extremely Dense Surrounding Population: 217,056 People Living Within a Five-Mile Radius & 131,440 People Living Within a Three-Mile Radius
• Population Within a Five-Mile Radius has Increased Over 11% Since 2010 and is Expected to Continue Growing
• Surrounded by Numerous Residential Neighborhoods, Restaurants, National Retail Brands, Shopping Centers, Schools, Churches and Much More

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