Richmond, IL self-storage market

Population 2,622. Passes the self-storage screen with 42 / 100; each line below shows where the points came from.

Town score, higher = better market to buy in
42 / 100Pass

Passes the screen

0Population 2,622: in the 2,000 to 20,000 scope
+25Income $73k: $70k+, best
+15Population +27.2% since 2015-2019: growing 10%+, best
+10Renters 49%: 40%+, best
-1033 storage facilities within 10 mi (4 chain): 11+, penalty
-84 chain or REIT facilities within 10 mi
+10Supply 7.8 sq ft per person (681,993 sq ft / market population 87,320, 85% of facilities sized): 7 to 8.5 sq ft, good
42Total, out of 100
Storage sq ft per person, 10 miles
7.8
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. 85% of nearby facilities have a size estimate.
0under 7: undersuppliedUS average 7.9over 10: crowded18+
Population
2,622
Residents of the Census place, ACS 5-year 2020 to 2024. 87,320 people live in Census places within 10 miles, the market this town is judged on.
Median household income
$73,029
Under $45k fails the screen. $70k and up scores best.
Population change since 2015 to 2019
+27.2%
Growth of 10% or more scores best. Shrinking towns lose points.
Renter households
49.0%
Renters move more and rent storage more. 40% and up scores best.
Storage facilities within 10 miles
33
0 to 3 scores best. 11 or more costs points, and chains or REITs cost more. 4 of them are chains or REITs.
Facilities whose nearest town is Richmond
1
1 independent. Each facility is linked to the nearest scored town within 10 miles.

Facilities near Richmond

FacilityNearest townTypeReviews on MapsEst. units Members onlyWebsite Members onlyPhone Members onlyLead scorehigher = better lead Members only
ABC StorageRichmond, ILIndependent2MembersMembersMembersMembers

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

Showing 1 of 1 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
Genoa WI3 mi21 / 100Pass
Spring Grove IL4 mi28 / 100Pass
Twin Lakes WI5 mi3 / 100Fail
Wonder Lake IL6 mi7 / 100Fail
Bloomfield WI6 mi18 / 100Pass
Johnsburg IL6 mi20 / 100Pass

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

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