Milan, MI self-storage market

Population 5,987. Fails the self-storage screen with -17 / 100; each line below shows where the points came from.

Town score, higher = better market to buy in
-17 / 100Fail

Fails the screen

0Population 5,987: in the 2,000 to 20,000 scope
+25Income $97k: $70k+, best
0Population -2% since 2015-2019: flat (within 2%), ok
+8Renters 31.6%: 30% to 40%, good
-1014 storage facilities within 10 mi (6 chain): 11+, penalty
-106 chain or REIT facilities within 10 mi
-30Supply 20.9 sq ft per person (447,554 sq ft / market population 21,389, 93% of facilities sized): 17.5+ sq ft, hard fail
-17Total, out of 100
Storage sq ft per person, 10 miles
20.9
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. 93% of nearby facilities have a size estimate.
0under 7: undersuppliedUS average 7.9over 10: crowded18+
Population
5,987
Residents of the Census place, ACS 5-year 2020 to 2024. 21,389 people live in Census places within 10 miles, the market this town is judged on.
Median household income
$96,949
Under $45k fails the screen. $70k and up scores best.
Population change since 2015 to 2019
-2.0%
Growth of 10% or more scores best. Shrinking towns lose points.
Renter households
31.6%
Renters move more and rent storage more. 40% and up scores best.
Storage facilities within 10 miles
14
0 to 3 scores best. 11 or more costs points, and chains or REITs cost more. 6 of them are chains or REITs.
Facilities whose nearest town is Milan
1
0 independent. Each facility is linked to the nearest scored town within 10 miles.

Facilities near Milan

FacilityNearest townTypeReviews on MapsEst. units Members onlyWebsite Members onlyPhone Members onlyLead scorehigher = better lead Members only
CubeSmart Self StorageMilan, MIChain or REIT81MembersMembersMembersMembers

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

Showing 1 of 1 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
Saline MI8 mi20 / 100Pass
Dundee MI8 mi51 / 100Pass
Ypsilanti MI12 mi-3 / 100Fail
Belleville MI13 mi15 / 100Pass
Tecumseh MI14 mi6 / 100Fail
Clinton MI14 mi-30 / 100Fail

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

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