We used Explorer’s Market Discovery Tool to find Bensalem, our Market of the Month for July. Today we will take a closer look at statistics and the self-storage market potential of this township.
Bensalem is a township in Bucks County. It is bordered by the Northeast Philadelphia section of the city of Philadelphia to the west and south, Croydon and the rest of Bristol Township to the east and northeast, the borough of Hulmeville and Middletown Township to the north, and Feasterville, Trevose, and Oakford in Lower Southampton Township to the northwest.
According to the 2020 census, Bensalem has a population of 62,707, making it the most populated municipality in Bucks County, and the 10th most populated municipality in Pennsylvania.
The township has 24,020 households with an average of 2.56 persons per family. There were 10,016 rental households that formed 41.7% of households in the township.
The town has a population density of 0.471 square miles.
Housing and Rent
Self Storage Market Potential
The city has 3.71 square feet per capita and a population of 62,707, out of which 41% are renters. The rate trend has been downward over the last year but with just 4 players in the market, it might be worth taking a closer look at the metrics to gauge whether or not this market presents a viable investment opportunity. Click here to view more market information.
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Explorer is StorTrack’s market analysis platform for self-storage operators, investors and developers. Explorer is available for the evaluation of any primary, secondary and tertiary market in the US, Canada and the UK.