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Philadelphia MSA Self Storage Offering

POPULATION
In 2023, the population in your selected geography is 144,306. The population has changed by 7.22 since 2010. It is estimated that the population in your area will be 145,762 five years from now, which represents a change of 1.0 percent from the current year. The current population is 49.0 percent male and 51.0 percent female. The median age of the population in your area is 42.1, compared with the U.S. average, which is 38.7. The population density in your area is 1,835 people per square mile.

HOUSEHOLDS
There are currently 55,839 households in your selected geography. The number of households has changed by 8.07 since 2010. It is estimated that the number of households in your area will be 56,475 five years from now, which represents a change of 1.1 percent from the current year. The average household size in your area is 2.5 people.

INCOME
In 2023, the median household income for your selected geography is $100,445, compared with the U.S. average, which is currently $68,480. The median household income for your area has changed by 30.20 since 2010. It is estimated that the median household income in your area will be $119,601 five years from now, which represents a change of 19.1 percent from the current year.

The current year per capita income in your area is $54,350, compared with the U.S. average, which is $39,249. The current year’s average household income in your area is $139,831, compared with the U.S. average, which is $100,106.

EMPLOYMENT
In 2023, 78,617 people in your selected area were employed. The 2010 Census revealed that 74.1 percent of employees are in white-collar occupations in this geography, and 13.9 percent are in blue-collar occupations. In 2023, unemployment in this area was 4.0 percent. In 2010, the average time traveled to work was 30.00 minutes.

HOUSING
The median housing value in your area was $403,537 in 2023, compared with the U.S. median of $268,796. In 2010, there were 38,354.00 owner-occupied housing units and 13,312.00 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. 19.4 percent of the selected area’s residents had earned a graduate degree compared with the national average of only 12.7 percent, and 29.4 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 lower than the nation’s at 7.9 percent vs. 8.5 percent, respectively.

The area had fewer high-school graduates, 22.9 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 14.9 percent in the selected area compared with the 20.1 percent in the U.S.

• Philadelphia MSA Self Storage Offering
• Newly Built, Class A, All Climate Controlled Facility
• Opened in 2022
• Covered Loading/Unloading Bay
• Excellent Location & Street Frontage
• High Daily Traffic Counts: 27,500 Cars/Day
• The Parcel Adjacent to the Subject Property is Moving Thru Entitlements for 40+/- Residential Condos
• Affluent Market: Average Household Income Within One, Three, and Five Miles is Well Above the National Average
• Dense & Growing Surrounding Population: 141,167 People Living Within a Five Mile Radius

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