Franklin, PA self-storage market

Population 5,984. Fails the self-storage screen with 12 / 100; each line below shows where the points came from.

Town score, higher = better market to buy in
12 / 100Fail

Fails the screen

0Population 5,984: in the 2,000 to 20,000 scope
+5Income $47k: $45k to $50k, weak
-8Population -2.7% since 2015-2019: shrinking 2% to 5%, penalty
+10Renters 52.5%: 40%+, best
-1016 storage facilities within 10 mi (0 chain): 11+, penalty
+15Supply 4 sq ft per person (105,218 sq ft / market population 26,531, 75% of facilities sized): under 7 sq ft, best
0Score 12 is under the pass mark 15
12Total, out of 100
Storage sq ft per person, 10 miles
4.0
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. 75% of nearby facilities have a size estimate.
0under 7: undersuppliedUS average 7.9over 10: crowded18+
Population
5,984
Residents of the Census place, ACS 5-year 2020 to 2024. 26,531 people live in Census places within 10 miles, the market this town is judged on.
Median household income
$47,117
Under $45k fails the screen. $70k and up scores best.
Population change since 2015 to 2019
-2.7%
Growth of 10% or more scores best. Shrinking towns lose points.
Renter households
52.5%
Renters move more and rent storage more. 40% and up scores best.
Storage facilities within 10 miles
16
0 to 3 scores best. 11 or more costs points, and chains or REITs cost more. 0 of them are chains or REITs.
Facilities whose nearest town is Franklin
5
5 independent. Each facility is linked to the nearest scored town within 10 miles.

Facilities near Franklin

FacilityNearest townTypeReviews on MapsEst. units Members onlyWebsite Members onlyPhone Members onlyLead scorehigher = better lead Members only
6th street storageFranklin, PAIndependent1MembersMembersMembersMembers
Cherry Tree Self StorageFranklin, PAIndependent92MembersMembersMembersMembers
Drayer Mini StorageFranklin, PAIndependent6MembersMembersMembersMembers
Franklin Easy StorageFranklin, PAIndependent73MembersMembersMembersMembers
StorSecure Indoor Self-Storage FacilityFranklin, PAIndependent0MembersMembersMembersMembers

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

Showing 5 of 5 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
Sugarcreek PA3 mi5 / 100Fail
Oil PA7 mi20 / 100Pass
Titusville PA19 mi30 / 100Fail
Grove PA21 mi8 / 100Fail
Mercer PA24 mi28 / 100Pass
Meadville PA25 mi-3 / 100Fail

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

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