Farmington, ME self-storage market

Population 4,705. Fails the self-storage screen with 40 / 100; each line below shows where the points came from.

Town score, higher = better market to buy in
40 / 100Fail

Fails the screen

0Population 4,705: in the 2,000 to 20,000 scope
0Income $41k: under $45k, hard fail
+15Population +13.6% since 2015-2019: growing 10%+, best
+10Renters 65%: 40%+, best
08 storage facilities within 10 mi (0 chain): 7 to 10, ok
+15Supply 4.1 sq ft per person (26,219 sq ft / market population 6,392, 50% of facilities sized): under 7 sq ft, best
40Total, out of 100
Storage sq ft per person, 10 miles
4.1
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
4,705
Residents of the Census place, ACS 5-year 2020 to 2024. 6,392 people live in Census places within 10 miles, the market this town is judged on.
Median household income
$41,033
Under $45k fails the screen. $70k and up scores best.
Population change since 2015 to 2019
+13.6%
Growth of 10% or more scores best. Shrinking towns lose points.
Renter households
65.0%
Renters move more and rent storage more. 40% and up scores best.
Storage facilities within 10 miles
8
0 to 3 scores best. 11 or more costs points, and chains or REITs cost more. 0 of them are chains or REITs.
Facilities whose nearest town is Farmington
8
8 independent. Each facility is linked to the nearest scored town within 10 miles.

Facilities near Farmington

FacilityNearest townTypeReviews on MapsEst. units Members onlyWebsite Members onlyPhone Members onlyLead scorehigher = better lead Members only
116 School Street StorageFarmington, MEIndependent4MembersMembersMembersMembers
Affordable Storage of Maine - FarmingtonFarmington, MEIndependent13MembersMembersMembersMembers
Foothills StorageFarmington, MEIndependent2MembersMembersMembersMembers
Four K StorageFarmington, MEIndependent2MembersMembersMembersMembers
Franklin Storage SolutionsFarmington, MEIndependent3MembersMembersMembersMembers
General Storage IncFarmington, MEIndependent6MembersMembersMembersMembers
Munson Road StorageFarmington, MEIndependent0MembersMembersMembersMembers
New Sharon Self StorageFarmington, MEIndependent3MembersMembersMembersMembers

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

Showing 8 of 8 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
Madison ME16 mi53 / 100Pass
Mexico ME21 mi40 / 100Pass
Rumford ME22 mi30 / 100Fail
Skowhegan ME23 mi36 / 100Pass
Oakland ME23 mi-2 / 100Fail
Waterville ME25 mi8 / 100Fail

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

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