Norwood, PA self-storage market
Population 5,934. Passes the self-storage screen with 25 / 100; each line below shows where the points came from.
Town score, higher = better market to buy in
25 / 100PassPasses the screen
0Population 5,934: in the 2,000 to 20,000 scope
+25Income $96k: $70k+, best
0Population +0.7% since 2015-2019: flat (within 2%), ok
+5Renters 24.3%: 20% to 30%, ok
-1066 storage facilities within 10 mi (47 chain): 11+, penalty
-1047 chain or REIT facilities within 10 mi
+15Supply 4.1 sq ft per person (1,496,675 sq ft / market population 366,492, 83% of facilities sized): under 7 sq ft, best
25Total, out of 100
Storage sq ft per person, 10 miles
4.1
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. 83% of nearby facilities have a size estimate.
0under 7: undersuppliedUS average 7.9over 10: crowded18+
Population
5,934
Residents of the Census place, ACS 5-year 2020 to 2024. 366,492 people live in Census places within 10 miles, the market this town is judged on.
Median household income
$96,134
Under $45k fails the screen. $70k and up scores best.
Population change since 2015 to 2019
+0.7%
Growth of 10% or more scores best. Shrinking towns lose points.
Renter households
24.3%
Renters move more and rent storage more. 40% and up scores best.
Storage facilities within 10 miles
66
0 to 3 scores best. 11 or more costs points, and chains or REITs cost more. 47 of them are chains or REITs.
Facilities whose nearest town is Norwood
0
0 independent. Each facility is linked to the nearest scored town within 10 miles.
Facilities near Norwood
No facility lists Norwood as its nearest scored town.
Nearby towns
| Town | Distance | Town scorehigher = better market to buy in |
|---|---|---|
| Prospect Park PA | 1 mi | 20 / 100Pass |
| Glenolden PA | 1 mi | 25 / 100Pass |
| Folcroft PA | 1 mi | 26 / 100Pass |
| Ridley Park PA | 2 mi | 36 / 100Pass |
| Folsom PA | 2 mi | 12 / 100Fail |
| Sharon Hill PA | 2 mi | 38 / 100Pass |
Town score runs 0 to 100, higher = better market to buy in. Pass Fail Check
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$49 / month, all states
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