Hancock, MI self-storage market
Population 4,574. 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 / 100PassPasses the screen
0Population 4,574: in the 2,000 to 20,000 scope
+15Income $60k: $50k to $65k, ok
0Population +0.4% since 2015-2019: flat (within 2%), ok
+10Renters 44.4%: 40%+, best
010 storage facilities within 10 mi (5 chain): 7 to 10, ok
-105 chain or REIT facilities within 10 mi
+10Supply 8.5 sq ft per person (161,145 sq ft / market population 19,025, 90% of facilities sized): 7 to 8.5 sq ft, good
25Total, out of 100
Storage sq ft per person, 10 miles
8.5
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
4,574
Residents of the Census place, ACS 5-year 2020 to 2024. 19,025 people live in Census places within 10 miles, the market this town is judged on.
Median household income
$59,519
Under $45k fails the screen. $70k and up scores best.
Population change since 2015 to 2019
+0.4%
Growth of 10% or more scores best. Shrinking towns lose points.
Renter households
44.4%
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. 5 of them are chains or REITs.
Facilities whose nearest town is Hancock
3
1 independent. Each facility is linked to the nearest scored town within 10 miles.
Facilities near Hancock
| Facility | Nearest town | Type | Reviews on Maps | Est. units Members only | Website Members only | Phone Members only | Lead scorehigher = better lead Members only |
|---|---|---|---|---|---|---|---|
| Lahti Storage | Hancock, MI | Independent | 3 | Members | Members | Members | Members |
| U-Haul Moving & Storage of Hancock | Hancock, MI | Chain or REIT | 5 | Members | Members | Members | Members |
| U-Haul Moving & Storage of Keweenaw National Park | Hancock, MI | Chain or REIT | 5 | Members | Members | Members | Members |
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.
Nearby towns
| Town | Distance | Town scorehigher = better market to buy in |
|---|---|---|
| Houghton MI | 2 mi | 8 / 100Fail |
| West Ishpeming MI | 61 mi | 48 / 100Pass |
| Ishpeming MI | 63 mi | 30 / 100Pass |
| Negaunee MI | 65 mi | 43 / 100Pass |
| Trowbridge Park MI | 68 mi | 36 / 100Pass |
| Iron River MI | 72 mi | 53 / 100Pass |
Town score runs 0 to 100, higher = better market to buy in. Pass Fail Check
Unlock every facility in Michigan
- Est. units
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$49 / month, all states
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