Memphis, FL self-storage market

Population 9,185. 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 9,185: in the 2,000 to 20,000 scope
+25Income $75k: $70k+, best
-8Population -4.8% since 2015-2019: shrinking 2% to 5%, penalty
0Renters 18.8%: under 20%, low
-1031 storage facilities within 10 mi (28 chain): 11+, penalty
-1028 chain or REIT facilities within 10 mi
+15Supply 4.9 sq ft per person (755,249 sq ft / market population 155,211, 74% 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
4.9
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. 74% of nearby facilities have a size estimate.
0under 7: undersuppliedUS average 7.9over 10: crowded18+
Population
9,185
Residents of the Census place, ACS 5-year 2020 to 2024. 155,211 people live in Census places within 10 miles, the market this town is judged on.
Median household income
$74,839
Under $45k fails the screen. $70k and up scores best.
Population change since 2015 to 2019
-4.8%
Growth of 10% or more scores best. Shrinking towns lose points.
Renter households
18.8%
Renters move more and rent storage more. 40% and up scores best.
Storage facilities within 10 miles
31
0 to 3 scores best. 11 or more costs points, and chains or REITs cost more. 28 of them are chains or REITs.
Facilities whose nearest town is Memphis
2
0 independent. Each facility is linked to the nearest scored town within 10 miles.

Facilities near Memphis

FacilityNearest townTypeReviews on MapsEst. units Members onlyWebsite Members onlyPhone Members onlyLead scorehigher = better lead Members only
Extra Space StorageMemphis, FLChain or REIT446MembersMembersMembersMembers
Extra Space StorageMemphis, FLChain or REIT785MembersMembersMembersMembers

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
Palmetto FL2 mi18 / 100Pass
Ellenton FL2 mi43 / 100Pass
West Bradenton FL5 mi20 / 100Pass
Samoset FL5 mi35 / 100Pass
West Samoset FL5 mi28 / 100Pass
Bayshore Gardens FL8 mi-12 / 100Fail

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

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