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Canton, Ohio MSA Self Storage Offering with Upside

POPULATION
In 2023, the population in your selected geography is 58,896. The population has changed by -0.54 since 2010. It is estimated that the population in your area will be 59,187 five years from now, which represents a change of 0.5 percent from the current year. The current population is 48.6 percent male and 51.4 percent female. The median age of the population in your area is 39.3, compared with the U.S. average, which is 38.7. The population density in your area is 749 people per square mile.

HOUSEHOLDS
There are currently 24,417 households in your selected geography. The number of households has changed by 2.33 since 2010. It is estimated that the number of households in your area will be 24,614 five years from now, which represents a change of 0.8 percent from the current year. The average household size in your area is 2.4 people.

INCOME
In 2023, the median household income for your selected geography is $44,418, compared with the U.S. average, which is currently $68,480. The median household income for your area has changed by 22.82 since 2010. It is estimated that the median household income in your area will be $50,512 five years from now, which represents a change of 13.7 percent from the current year.

The current year per capita income in your area is $24,251, compared with the U.S. average, which is $39,249. The current year’s average household income in your area is $57,865, compared with the U.S. average, which is $100,106.

EMPLOYMENT
In 2023, 24,355 people in your selected area were employed. The 2010 Census revealed that 47.9 percent of employees are in white-collar occupations in this geography, and 27.8 percent are in blue-collar occupations. In 2023, unemployment in this area was 8.0 percent. In 2010, the average time traveled to work was 24.00 minutes.

HOUSING
The median housing value in your area was $141,828 in 2023, compared with the U.S. median of $268,796. In 2010, there were 15,175.00 owner-occupied housing units and 8,686.00 renter-occupied housing units in your area.

EDUCATION
The selected area in 2023 had a lower level of educational attainment when compared with the U.S averages. Only 4.0 percent of the selected area’s residents had earned a graduate degree compared with the national average of 12.7 percent, and 9.1 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 more high-school graduates, 44.7 percent vs. 26.9 percent for the nation, but the percentage of residents who completed some college is equal to the average for the nation, at 20.1 percent.

• Canton, Ohio MSA Self Storage Offering with Upside
• Recently Expanded, Quality Construction Facility was Built in Three Phases: Phase I (2019): Two Buildings / Phase II (2021): Two Buildings / Phase III (2023): Five Buildings
• 54,550 Net Rentable Square Feet
• 337 Non-Climate Controlled Self Storage Units
• Currently Well Below Market Rental Rates
• Excellent Street Frontage & Visibility Along North Wood Street (OH-44)
• Under Supplied Self Storage Market: Currently Only 5.52 NRSF per Capita Within a Five Mile Radius

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