Lake, MN self-storage market

Population 5,034. Passes the self-storage screen with 37 / 100; each line below shows where the points came from.

Town score, higher = better market to buy in
37 / 100Pass

Passes the screen

0Population 5,034: in the 2,000 to 20,000 scope
+25Income $72k: $70k+, best
-8Population -4.3% since 2015-2019: shrinking 2% to 5%, penalty
+5Renters 20.8%: 20% to 30%, ok
+56 storage facilities within 10 mi (0 chain): 4 to 6, good
+10Supply 7.5 sq ft per person (45,632 sq ft / market population 6,117, 67% of facilities sized): 7 to 8.5 sq ft, good
37Total, out of 100
Storage sq ft per person, 10 miles
7.5
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. 67% of nearby facilities have a size estimate.
0under 7: undersuppliedUS average 7.9over 10: crowded18+
Population
5,034
Residents of the Census place, ACS 5-year 2020 to 2024. 6,117 people live in Census places within 10 miles, the market this town is judged on.
Median household income
$72,244
Under $45k fails the screen. $70k and up scores best.
Population change since 2015 to 2019
-4.3%
Growth of 10% or more scores best. Shrinking towns lose points.
Renter households
20.8%
Renters move more and rent storage more. 40% and up scores best.
Storage facilities within 10 miles
6
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 Lake
5
5 independent. Each facility is linked to the nearest scored town within 10 miles.

Facilities near Lake

FacilityNearest townTypeReviews on MapsEst. units Members onlyWebsite Members onlyPhone Members onlyLead scorehigher = better lead Members only
Burfeind Mini StorageLake, MNIndependent5MembersMembersMembersMembers
Lake City StorageLake, MNIndependent7MembersMembersMembersMembers
Oak Center StorageLake, MNIndependent6MembersMembersMembersMembers
Pepin Mini StorageLake, MNIndependent1MembersMembersMembersMembers
Pritzl StorageLake, MNIndependent7MembersMembersMembersMembers

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.

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Nearby towns

TownDistanceTown scorehigher = better market to buy in
Wabasha MN13 mi30 / 100Pass
Red Wing MN16 mi8 / 100Fail
Plainview MN20 mi23 / 100Pass
Zumbrota MN22 mi45 / 100Pass
Ellsworth WI22 mi41 / 100Pass
Pine Island MN24 mi15 / 100Pass

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

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