Pelican Rapids, MN self-storage market
Population 2,586. Scores 31 / 100 but needs a data check: no storage facility turned up within 10 miles, so competition and supply are unconfirmed.
Town score, higher = better market to buy in
31 / 100CheckNeeds a data check: no facility found within 10 miles, so supply is unconfirmed
0 facilities within 10 mi needs a data check: nearest known storage facility only 11 mi away (under 15 mi); 51 storage facilities within 25 mi (bigger market nearby).
0Population 2,586: in the 2,000 to 20,000 scope
+15Income $64k: $50k to $65k, ok
+8Population +4% since 2015-2019: growing 2% to 10%, good
+8Renters 36.1%: 30% to 40%, good
0Competitors unknown: 0 facilities within 10 mi needs a data check: nearest known storage facility only 11 mi away (under 15 mi); 51 storage facilities within 25 mi (bigger market nearby)
0Supply unknown: no facility found near the town point, see competitors
31Total, out of 100
Storage sq ft per person, 10 miles
Unknown
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.
0under 7: undersuppliedUS average 7.9over 10: crowded18+
Population
2,586
Residents of the Census place, ACS 5-year 2020 to 2024. 2,740 people live in Census places within 10 miles, the market this town is judged on.
Median household income
$63,917
Under $45k fails the screen. $70k and up scores best.
Population change since 2015 to 2019
+4.0%
Growth of 10% or more scores best. Shrinking towns lose points.
Renter households
36.1%
Renters move more and rent storage more. 40% and up scores best.
Storage facilities within 10 miles
Unknown
0 to 3 scores best. 11 or more costs points, and chains or REITs cost more.
Facilities whose nearest town is Pelican Rapids
0
0 independent. Each facility is linked to the nearest scored town within 10 miles.
Facilities near Pelican Rapids
No facility lists Pelican Rapids as its nearest scored town.
Nearby towns
| Town | Distance | Town scorehigher = better market to buy in |
|---|---|---|
| Barnesville MN | 17 mi | 58 / 100Pass |
| Fergus Falls MN | 20 mi | 32 / 100Pass |
| Detroit Lakes MN | 20 mi | 8 / 100Fail |
| Hawley MN | 24 mi | 45 / 100Pass |
| Perham MN | 24 mi | 23 / 100Pass |
| Breckenridge MN | 32 mi | 51 / 100Pass |
Town score runs 0 to 100, higher = better market to buy in. Pass Fail Check
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