Richmond, MI self-storage market
Population 5,855. Fails the self-storage screen with -9 / 100; each line below shows where the points came from.
Town score, higher = better market to buy in
-9 / 100FailFails the screen
0Population 5,855: in the 2,000 to 20,000 scope
+15Income $65k: $50k to $65k, ok
0Population -0.2% since 2015-2019: flat (within 2%), ok
+5Renters 23.4%: 20% to 30%, ok
-1018 storage facilities within 10 mi (2 chain): 11+, penalty
-42 chain or REIT facilities within 10 mi
-15Supply 13.5 sq ft per person (371,338 sq ft / market population 27,460, 72% of facilities sized): over 10 sq ft, penalty
0Score -9 is under the pass mark 15
-9Total, out of 100
Storage sq ft per person, 10 miles
13.5
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. 72% of nearby facilities have a size estimate.
0under 7: undersuppliedUS average 7.9over 10: crowded18+
Population
5,855
Residents of the Census place, ACS 5-year 2020 to 2024. 27,460 people live in Census places within 10 miles, the market this town is judged on.
Median household income
$64,719
Under $45k fails the screen. $70k and up scores best.
Population change since 2015 to 2019
-0.2%
Growth of 10% or more scores best. Shrinking towns lose points.
Renter households
23.4%
Renters move more and rent storage more. 40% and up scores best.
Storage facilities within 10 miles
18
0 to 3 scores best. 11 or more costs points, and chains or REITs cost more. 2 of them are chains or REITs.
Facilities whose nearest town is Richmond
5
5 independent. Each facility is linked to the nearest scored town within 10 miles.
Facilities near Richmond
| Facility | Nearest town | Type | Reviews on Maps | Est. units Members only | Website Members only | Phone Members only | Lead scorehigher = better lead Members only |
|---|---|---|---|---|---|---|---|
| Lenox Square Storage | Richmond, MI | Independent | 7 | Members | Members | Members | Members |
| M-19 Mini Storage | Richmond, MI | Independent | 9 | Members | Members | Members | Members |
| Richmond Mini Storage, LLC | Richmond, MI | Independent | 20 | Members | Members | Members | Members |
| Richmond Mini Storage, LLC East | Richmond, MI | Independent | 7 | Members | Members | Members | Members |
| Richmond Storage Systems | Richmond, MI | Independent | 5 | Members | Members | Members | Members |
Lead score runs 0 to 100, higher = better lead. Lead Weak Fail
Showing 5 of 5 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 |
|---|---|---|
| New Haven MI | 6 mi | -10 / 100Fail |
| New Baltimore MI | 9 mi | -18 / 100Fail |
| Romeo MI | 13 mi | -32 / 100Fail |
| St. Clair MI | 13 mi | 36 / 100Pass |
| Marine MI | 14 mi | 25 / 100Pass |
| Pearl Beach MI | 15 mi | 45 / 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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