Hoyt Lakes, MN self-storage market

Population 2,064. Passes the self-storage screen with 45 / 100; each line below shows where the points came from.

Town score, higher = better market to buy in
45 / 100Pass

Passes the screen

0Population 2,064: in the 2,000 to 20,000 scope
+20Income $66k: $65k to $70k, good
0Population -0.5% since 2015-2019: flat (within 2%), ok
0Renters 4.3%: under 20%, low
+103 storage facilities within 10 mi (0 chain): 0 to 3, best
+15Supply 4.8 sq ft per person (23,372 sq ft / market population 4,822, 67% of facilities sized): under 7 sq ft, best
0Map point moved 4.2 mi from the Census internal point to the population center (the Google search was centered there: nearby facilities come from neighbor searches)
45Total, out of 100
Storage sq ft per person, 10 miles
4.8
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. 67% of nearby facilities have a size estimate.
0under 7: undersuppliedUS average 7.9over 10: crowded18+
Population
2,064
Residents of the Census place, ACS 5-year 2020 to 2024. 4,822 people live in Census places within 10 miles, the market this town is judged on.
Median household income
$65,764
Under $45k fails the screen. $70k and up scores best.
Population change since 2015 to 2019
-0.5%
Growth of 10% or more scores best. Shrinking towns lose points.
Renter households
4.3%
Renters move more and rent storage more. 40% and up scores best.
Storage facilities within 10 miles
3
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 Hoyt Lakes
1
1 independent. Each facility is linked to the nearest scored town within 10 miles.

Facilities near Hoyt Lakes

FacilityNearest townTypeReviews on MapsEst. units Members onlyWebsite Members onlyPhone Members onlyLead scorehigher = better lead Members only
Ridge Inn Mini StorageHoyt Lakes, MNIndependent4MembersMembersMembersMembers

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
Virginia MN19 mi25 / 100Pass
Eveleth MN19 mi25 / 100Pass
Mountain Iron MN21 mi43 / 100Pass
Ely MN30 mi10 / 100Fail
Chisholm MN35 mi27 / 100Pass
Hibbing MN38 mi25 / 100Pass

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

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