West Monroe, MI self-storage market

Population 2,711. Fails the self-storage screen with -13 / 100; each line below shows where the points came from.

Town score, higher = better market to buy in
-13 / 100Fail

Fails the screen

0Population 2,711: in the 2,000 to 20,000 scope
+5Income $48k: $45k to $50k, weak
-15Population -22.3% since 2015-2019: shrinking 5%+, penalty
0Renters 12.7%: under 20%, low
-1013 storage facilities within 10 mi (4 chain): 11+, penalty
-84 chain or REIT facilities within 10 mi
+15Supply 6.2 sq ft per person (243,336 sq ft / market population 39,434, 77% of facilities sized): under 7 sq ft, best
0Score -13 is under the pass mark 15
-13Total, out of 100
Storage sq ft per person, 10 miles
6.2
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. 77% of nearby facilities have a size estimate.
0under 7: undersuppliedUS average 7.9over 10: crowded18+
Population
2,711
Residents of the Census place, ACS 5-year 2020 to 2024. 39,434 people live in Census places within 10 miles, the market this town is judged on.
Median household income
$48,317
Under $45k fails the screen. $70k and up scores best.
Population change since 2015 to 2019
-22.3%
Growth of 10% or more scores best. Shrinking towns lose points.
Renter households
12.7%
Renters move more and rent storage more. 40% and up scores best.
Storage facilities within 10 miles
13
0 to 3 scores best. 11 or more costs points, and chains or REITs cost more. 4 of them are chains or REITs.
Facilities whose nearest town is West Monroe
4
2 independent. Each facility is linked to the nearest scored town within 10 miles.

Facilities near West Monroe

FacilityNearest townTypeReviews on MapsEst. units Members onlyWebsite Members onlyPhone Members onlyLead scorehigher = better lead Members only
Guardian Self StorageWest Monroe, MIIndependent409MembersMembersMembersMembers
Pirates Cove Storage Monroe (North)West Monroe, MIIndependent23MembersMembersMembersMembers
Prime StorageWest Monroe, MIChain or REIT263MembersMembersMembersMembers
Self-Storage at U-HaulWest Monroe, MIChain or REIT4MembersMembersMembersMembers

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

Showing 4 of 4 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
South Monroe MI2 mi35 / 100Pass
Detroit Beach MI5 mi37 / 100Pass
Carleton MI10 mi28 / 100Pass
Temperance MI12 mi33 / 100Pass
Dundee MI13 mi51 / 100Pass
Rockwood MI15 mi15 / 100Pass

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

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