Albion, MI self-storage market

Population 7,560. Fails the self-storage screen with 4 / 100; each line below shows where the points came from.

Town score, higher = better market to buy in
4 / 100Fail

Fails the screen

0Population 7,560: in the 2,000 to 20,000 scope
0Income $40k: under $45k, hard fail
-15Population -9.3% since 2015-2019: shrinking 5%+, penalty
+10Renters 40%: 40%+, best
010 storage facilities within 10 mi (3 chain): 7 to 10, ok
-63 chain or REIT facilities within 10 mi
+15Supply 5.5 sq ft per person (60,922 sq ft / market population 11,159, 90% of facilities sized): under 7 sq ft, best
4Total, out of 100
Storage sq ft per person, 10 miles
5.5
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. 90% of nearby facilities have a size estimate.
0under 7: undersuppliedUS average 7.9over 10: crowded18+
Population
7,560
Residents of the Census place, ACS 5-year 2020 to 2024. 11,159 people live in Census places within 10 miles, the market this town is judged on.
Median household income
$39,885
Under $45k fails the screen. $70k and up scores best.
Population change since 2015 to 2019
-9.3%
Growth of 10% or more scores best. Shrinking towns lose points.
Renter households
40.0%
Renters move more and rent storage more. 40% and up scores best.
Storage facilities within 10 miles
10
0 to 3 scores best. 11 or more costs points, and chains or REITs cost more. 3 of them are chains or REITs.
Facilities whose nearest town is Albion
6
4 independent. Each facility is linked to the nearest scored town within 10 miles.

Facilities near Albion

FacilityNearest townTypeReviews on MapsEst. units Members onlyWebsite Members onlyPhone Members onlyLead scorehigher = better lead Members only
AMS Self StorageAlbion, MIIndependent38MembersMembersMembersMembers
Russell's Country self-storageAlbion, MIIndependent1MembersMembersMembersMembers
SpareBox StorageAlbion, MIChain or REIT52MembersMembersMembersMembers
SpareBox StorageAlbion, MIChain or REIT65MembersMembersMembersMembers
Stow-Away Storage CenterAlbion, MIIndependent6MembersMembersMembersMembers
U-Lock StorageAlbion, MIIndependent7MembersMembersMembersMembers

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

Showing 6 of 6 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
Marshall MI11 mi-8 / 100Fail
Spring Arbor MI11 mi-27 / 100Fail
Eaton Rapids MI19 mi36 / 100Pass
Jonesville MI19 mi-13 / 100Fail
Vandercook Lake MI20 mi-35 / 100Fail
Leslie MI22 mi29 / 100Pass

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

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