Benton Harbor, MI self-storage market
Population 8,953. 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 / 100FailFails the screen
0Population 8,953: in the 2,000 to 20,000 scope
0Income $31k: under $45k, hard fail
-15Population -9% since 2015-2019: shrinking 5%+, penalty
+10Renters 63.3%: 40%+, best
-1025 storage facilities within 10 mi (5 chain): 11+, penalty
-105 chain or REIT facilities within 10 mi
-15Supply 10.9 sq ft per person (350,370 sq ft / market population 32,007, 84% of facilities sized): over 10 sq ft, penalty
-40Total, out of 100
Storage sq ft per person, 10 miles
10.9
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. 84% of nearby facilities have a size estimate.
0under 7: undersuppliedUS average 7.9over 10: crowded18+
Population
8,953
Residents of the Census place, ACS 5-year 2020 to 2024. 32,007 people live in Census places within 10 miles, the market this town is judged on.
Median household income
$31,117
Under $45k fails the screen. $70k and up scores best.
Population change since 2015 to 2019
-9.0%
Growth of 10% or more scores best. Shrinking towns lose points.
Renter households
63.3%
Renters move more and rent storage more. 40% and up scores best.
Storage facilities within 10 miles
25
0 to 3 scores best. 11 or more costs points, and chains or REITs cost more. 5 of them are chains or REITs.
Facilities whose nearest town is Benton Harbor
0
0 independent. Each facility is linked to the nearest scored town within 10 miles.
Facilities near Benton Harbor
No facility lists Benton Harbor as its nearest scored town.
Nearby towns
| Town | Distance | Town scorehigher = better market to buy in |
|---|---|---|
| Benton Heights MI | 2 mi | -40 / 100Fail |
| Fair Plain MI | 2 mi | -2 / 100Fail |
| St. Joseph MI | 2 mi | -6 / 100Fail |
| Watervliet MI | 11 mi | 11 / 100Fail |
| Paw Paw Lake MI | 11 mi | 23 / 100Pass |
| Berrien Springs MI | 13 mi | 3 / 100Fail |
Town score runs 0 to 100, higher = better market to buy in. Pass Fail Check
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