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Park Rapids, MN self-storage market

Population 4,270. Fails the self-storage screen with -7 / 100; each line below shows where the points came from.

Town score, higher = better market to buy in
-7 / 100Fail

Fails the screen

0Population 4,270: in the 2,000 to 20,000 scope
0Income $45k: under $45k, hard fail
+8Population +5.3% since 2015-2019: growing 2% to 10%, good
+10Renters 45.4%: 40%+, best
-1014 storage facilities within 10 mi (0 chain): 11+, penalty
-15Supply 10.9 sq ft per person (50,203 sq ft / market population 4,613, 50% of facilities sized): over 10 sq ft, penalty
-7Total, out of 100
Storage sq ft per person, 10 miles
10.9
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. 50% of nearby facilities have a size estimate.
0under 7: undersuppliedUS average 7.9over 10: crowded18+
Population
4,270
Residents of the Census place, ACS 5-year 2020 to 2024. 4,613 people live in Census places within 10 miles, the market this town is judged on.
Median household income
$44,747
Under $45k fails the screen. $70k and up scores best.
Population change since 2015 to 2019
+5.3%
Growth of 10% or more scores best. Shrinking towns lose points.
Renter households
45.4%
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. 0 of them are chains or REITs.
Facilities whose nearest town is Park Rapids
14
14 independent. Each facility is linked to the nearest scored town within 10 miles.

Facilities near Park Rapids

FacilityNearest townTypeReviews on MapsEst. units Members onlyWebsite Members onlyPhone Members onlyLead scorehigher = better lead Members only
Brothers Storage-Storage Facility-Trailer Storage-RV Storage Park RapidsPark Rapids, MNIndependent0MembersMembersMembersMembers
D & L IndustryPark Rapids, MNIndependent6MembersMembersMembersMembers
Eureka Road Services & RentalsPark Rapids, MNIndependent0MembersMembersMembersMembers
Headwaters Warehousing & Storage SolutionsPark Rapids, MNIndependent0MembersMembersMembersMembers
Heartland Lakes Self StoragePark Rapids, MNIndependent2MembersMembersMembersMembers
Heartland Lakes Self Storage - NorthPark Rapids, MNIndependent0MembersMembersMembersMembers
Lakes Store All, LLCPark Rapids, MNIndependent5MembersMembersMembersMembers
Long Lake Toy ShedsPark Rapids, MNIndependent8MembersMembersMembersMembers
Lower Twin Lakes StoragePark Rapids, MNIndependent5MembersMembersMembersMembers
Osage Self StoragePark Rapids, MNIndependent1MembersMembersMembersMembers
S& J STORAGEPark Rapids, MNIndependent0MembersMembersMembersMembers
Storage 71Park Rapids, MNIndependent8MembersMembersMembersMembers
Straight Up North StoragePark Rapids, MNIndependent1MembersMembersMembersMembers
Up North Storage CenterPark Rapids, MNIndependent11MembersMembersMembersMembers

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

Showing 14 of 14 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
Wadena MN33 mi58 / 100Pass
Perham MN33 mi23 / 100Pass
Detroit Lakes MN38 mi8 / 100Fail
Staples MN39 mi28 / 100Pass
Bemidji MN40 mi8 / 100Fail
Pequot Lakes MN42 mi3 / 100Fail

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

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