Ishpeming, MI self-storage market

Population 6,181. Passes the self-storage screen with 30 / 100; each line below shows where the points came from.

Town score, higher = better market to buy in
30 / 100Pass

Passes the screen

0Population 6,181: in the 2,000 to 20,000 scope
+15Income $53k: $50k to $65k, ok
-8Population -4.4% since 2015-2019: shrinking 2% to 5%, penalty
+8Renters 30.2%: 30% to 40%, good
08 storage facilities within 10 mi (0 chain): 7 to 10, ok
+15Supply 2 sq ft per person (27,600 sq ft / market population 13,997, 50% of facilities sized): under 7 sq ft, best
0Map point moved 1.7 mi from the Census internal point to the population center
30Total, out of 100
Storage sq ft per person, 10 miles
2.0
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
6,181
Residents of the Census place, ACS 5-year 2020 to 2024. 13,997 people live in Census places within 10 miles, the market this town is judged on.
Median household income
$52,754
Under $45k fails the screen. $70k and up scores best.
Population change since 2015 to 2019
-4.4%
Growth of 10% or more scores best. Shrinking towns lose points.
Renter households
30.2%
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 Ishpeming
2
2 independent. Each facility is linked to the nearest scored town within 10 miles.

Facilities near Ishpeming

FacilityNearest townTypeReviews on MapsEst. units Members onlyWebsite Members onlyPhone Members onlyLead scorehigher = better lead Members only
ABC Storage #1Ishpeming, MIIndependent47MembersMembersMembersMembers
Compound Mini StorageIshpeming, MIIndependent6MembersMembersMembersMembers

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

Showing 2 of 2 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
West Ishpeming MI2 mi48 / 100Pass
Negaunee MI4 mi43 / 100Pass
Trowbridge Park MI12 mi36 / 100Pass
Harvey MI15 mi43 / 100Pass
K. I. Sawyer MI18 mi-7 / 100Fail
Norway MI50 mi33 / 100Pass

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

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