Bangor, MI self-storage market

Population 2,129. Fails the self-storage screen with -12 / 100; each line below shows where the points came from.

Town score, higher = better market to buy in
-12 / 100Fail

Fails the screen

0Population 2,129: in the 2,000 to 20,000 scope
+5Income $50k: $45k to $50k, weak
+15Population +14.5% since 2015-2019: growing 10%+, best
+10Renters 40.8%: 40%+, best
-1019 storage facilities within 10 mi (1 chain): 11+, penalty
-21 chain or REIT facilities within 10 mi
-30Supply 51.1 sq ft per person (323,671 sq ft / market population 6,339, 68% of facilities sized): 17.5+ sq ft, hard fail
-12Total, out of 100
Storage sq ft per person, 10 miles
51.1
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. 68% of nearby facilities have a size estimate.
0under 7: undersuppliedUS average 7.9over 10: crowded18+
Population
2,129
Residents of the Census place, ACS 5-year 2020 to 2024. 6,339 people live in Census places within 10 miles, the market this town is judged on.
Median household income
$49,764
Under $45k fails the screen. $70k and up scores best.
Population change since 2015 to 2019
+14.5%
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
19
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 Bangor
4
4 independent. Each facility is linked to the nearest scored town within 10 miles.

Facilities near Bangor

FacilityNearest townTypeReviews on MapsEst. units Members onlyWebsite Members onlyPhone Members onlyLead scorehigher = better lead Members only
B & J Mini StorageBangor, MIIndependent13MembersMembersMembersMembers
Ely's EZ StorageBangor, MIIndependent52MembersMembersMembersMembers
Michael T. Rock Storage UnitsBangor, MIIndependent8MembersMembersMembersMembers
Prize Self Storage - BangorBangor, MIIndependent7MembersMembersMembersMembers

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

Showing 4 of 4 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
Hartford MI8 mi-34 / 100Fail
South Haven MI10 mi-32 / 100Fail
Paw Paw Lake MI11 mi23 / 100Pass
Watervliet MI11 mi11 / 100Fail
Paw Paw MI13 mi-25 / 100Fail
Lawton MI17 mi-4 / 100Fail

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

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