Franklin Center, NJ self-storage market

Population 6,646. Passes the self-storage screen with 40 / 100; each line below shows where the points came from.

Town score, higher = better market to buy in
40 / 100Pass

Passes the screen

0Population 6,646: in the 2,000 to 20,000 scope
+25Income $157k: $70k+, best
+15Population +13.4% since 2015-2019: growing 10%+, best
+5Renters 25.5%: 20% to 30%, ok
-1043 storage facilities within 10 mi (30 chain): 11+, penalty
-1030 chain or REIT facilities within 10 mi
+15Supply 2.4 sq ft per person (1,117,938 sq ft / market population 471,797, 79% of facilities sized): under 7 sq ft, best
40Total, out of 100
Storage sq ft per person, 10 miles
2.4
Estimated building sq ft of every facility within 10 miles, divided by everyone living within 10 miles. Under 7 is undersupplied; over 10 is crowded. 79% of nearby facilities have a size estimate.
0under 7: undersuppliedUS average 7.9over 10: crowded18+
Population
6,646
Residents of the Census place, ACS 5-year 2020 to 2024. 471,797 people live in Census places within 10 miles, the market this town is judged on.
Median household income
$157,212
Under $45k fails the screen. $70k and up scores best.
Population change since 2015 to 2019
+13.4%
Growth of 10% or more scores best. Shrinking towns lose points.
Renter households
25.5%
Renters move more and rent storage more. 40% and up scores best.
Storage facilities within 10 miles
43
0 to 3 scores best. 11 or more costs points, and chains or REITs cost more. 30 of them are chains or REITs.
Facilities whose nearest town is Franklin Center
2
1 independent. Each facility is linked to the nearest scored town within 10 miles.

Facilities near Franklin Center

FacilityNearest townTypeReviews on MapsEst. units Members onlyWebsite Members onlyPhone Members onlyLead scorehigher = better lead Members only
Access Self Storage of SomersetFranklin Center, NJIndependent1MembersMembersMembersMembers
Extra Space StorageFranklin Center, NJChain or REIT192MembersMembersMembersMembers

Lead score runs 0 to 100, higher = better lead. Lead Weak Fail

Showing 2 of 2 facilities, sorted by name. Members see all of them with every field, sorted by lead score, highest first.

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Nearby towns

TownDistanceTown scorehigher = better market to buy in
South Bound Brook NJ2 mi38 / 100Pass
Weston NJ2 mi35 / 100Pass
Middlebush NJ2 mi5 / 100Fail
Bound Brook NJ3 mi45 / 100Pass
Manville NJ3 mi33 / 100Pass
Finderne NJ3 mi38 / 100Pass

Town score runs 0 to 100, higher = better market to buy in. Pass Fail Check

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