Southgate, KY self-storage market
Population 3,717. Fails the self-storage screen with 5 / 100; each line below shows where the points came from.
Town score, higher = better market to buy in
5 / 100FailFails the screen
0Population 3,717: in the 2,000 to 20,000 scope
+15Income $54k: $50k to $65k, ok
-15Population -5.2% since 2015-2019: shrinking 5%+, penalty
+10Renters 40.8%: 40%+, best
-1053 storage facilities within 10 mi (27 chain): 11+, penalty
-1027 chain or REIT facilities within 10 mi
+15Supply 2.5 sq ft per person (1,641,289 sq ft / market population 661,126, 89% of facilities sized): under 7 sq ft, best
0Score 5 is under the pass mark 15
5Total, out of 100
Storage sq ft per person, 10 miles
2.5
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. 89% of nearby facilities have a size estimate.
0under 7: undersuppliedUS average 7.9over 10: crowded18+
Population
3,717
Residents of the Census place, ACS 5-year 2020 to 2024. 661,126 people live in Census places within 10 miles, the market this town is judged on.
Median household income
$54,421
Under $45k fails the screen. $70k and up scores best.
Population change since 2015 to 2019
-5.2%
Growth of 10% or more scores best. Shrinking towns lose points.
Renter households
40.8%
Renters move more and rent storage more. 40% and up scores best.
Storage facilities within 10 miles
53
0 to 3 scores best. 11 or more costs points, and chains or REITs cost more. 27 of them are chains or REITs.
Facilities whose nearest town is Southgate
0
0 independent. Each facility is linked to the nearest scored town within 10 miles.
Facilities near Southgate
No facility lists Southgate as its nearest scored town.
Nearby towns
| Town | Distance | Town scorehigher = better market to buy in |
|---|---|---|
| Fort Thomas KY | 1 mi | 33 / 100Pass |
| Wilder KY | 2 mi | 20 / 100Pass |
| Newport KY | 2 mi | 5 / 100Fail |
| Highland Heights KY | 2 mi | 3 / 100Fail |
| Bellevue KY | 3 mi | 17 / 100Pass |
| Park Hills KY | 3 mi | 36 / 100Pass |
Town score runs 0 to 100, higher = better market to buy in. Pass Fail Check
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