Springfield, KY self-storage market

Population 2,899. 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 / 100Pass

Passes the screen

0Population 2,899: in the 2,000 to 20,000 scope
+5Income $49k: $45k to $50k, weak
-8Population -2.7% since 2015-2019: shrinking 2% to 5%, penalty
+10Renters 42.4%: 40%+, best
+56 storage facilities within 10 mi (1 chain): 4 to 6, good
-21 chain or REIT facilities within 10 mi
+15Supply 4.2 sq ft per person (44,450 sq ft / market population 10,550, 50% of facilities sized): under 7 sq ft, best
25Total, out of 100
Storage sq ft per person, 10 miles
4.2
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. 50% of nearby facilities have a size estimate.
0under 7: undersuppliedUS average 7.9over 10: crowded18+
Population
2,899
Residents of the Census place, ACS 5-year 2020 to 2024. 10,550 people live in Census places within 10 miles, the market this town is judged on.
Median household income
$48,750
Under $45k fails the screen. $70k and up scores best.
Population change since 2015 to 2019
-2.7%
Growth of 10% or more scores best. Shrinking towns lose points.
Renter households
42.4%
Renters move more and rent storage more. 40% and up scores best.
Storage facilities within 10 miles
6
0 to 3 scores best. 11 or more costs points, and chains or REITs cost more. 1 of them are chains or REITs.
Facilities whose nearest town is Springfield
3
2 independent. Each facility is linked to the nearest scored town within 10 miles.

Facilities near Springfield

FacilityNearest townTypeReviews on MapsEst. units Members onlyWebsite Members onlyPhone Members onlyLead scorehigher = better lead Members only
Access Storage and U-haulSpringfield, KYChain or REIT5MembersMembersMembersMembers
M&B Storage LLCSpringfield, KYIndependent0MembersMembersMembersMembers
Springfield Storage UnitsSpringfield, KYIndependent3MembersMembersMembersMembers

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

Showing 3 of 3 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
Lebanon KY9 mi43 / 100Pass
Bardstown KY16 mi-9 / 100Fail
Harrodsburg KY21 mi31 / 100Pass
Danville KY25 mi29 / 100Pass
Junction KY25 mi18 / 100Pass
Campbellsville KY25 mi20 / 100Pass

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

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