Waseca, MN self-storage market

Population 9,164. Fails the self-storage screen with 11 / 100; each line below shows where the points came from.

Town score, higher = better market to buy in
11 / 100Fail

Fails the screen

0Population 9,164: in the 2,000 to 20,000 scope
+15Income $64k: $50k to $65k, ok
0Population +2% since 2015-2019: flat (within 2%), ok
+5Renters 28.1%: 20% to 30%, ok
08 storage facilities within 10 mi (2 chain): 7 to 10, ok
-42 chain or REIT facilities within 10 mi
-5Supply 9.3 sq ft per person (85,368 sq ft / market population 9,164, 75% of facilities sized): 9 to 10 sq ft, caution
0Score 11 is under the pass mark 15
11Total, out of 100
Storage sq ft per person, 10 miles
9.3
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. 75% of nearby facilities have a size estimate.
0under 7: undersuppliedUS average 7.9over 10: crowded18+
Population
9,164
Residents of the Census place, ACS 5-year 2020 to 2024. 9,164 people live in Census places within 10 miles, the market this town is judged on.
Median household income
$64,074
Under $45k fails the screen. $70k and up scores best.
Population change since 2015 to 2019
+2.0%
Growth of 10% or more scores best. Shrinking towns lose points.
Renter households
28.1%
Renters move more and rent storage more. 40% and up scores best.
Storage facilities within 10 miles
8
0 to 3 scores best. 11 or more costs points, and chains or REITs cost more. 2 of them are chains or REITs.
Facilities whose nearest town is Waseca
6
4 independent. Each facility is linked to the nearest scored town within 10 miles.

Facilities near Waseca

FacilityNearest townTypeReviews on MapsEst. units Members onlyWebsite Members onlyPhone Members onlyLead scorehigher = better lead Members only
AA Self StorageWaseca, MNIndependent4MembersMembersMembersMembers
GWS Storage & ContainerWaseca, MNIndependent4MembersMembersMembersMembers
Magic Wash & StorageWaseca, MNIndependent58MembersMembersMembersMembers
Mini Storage of WasecaWaseca, MNIndependent2MembersMembersMembersMembers
Storage Rentals of AmericaWaseca, MNChain or REIT40MembersMembersMembersMembers
Storage Rentals of AmericaWaseca, MNChain or REIT37MembersMembersMembersMembers

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

Showing 6 of 6 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
Janesville MN11 mi10 / 100Fail
Eagle Lake MN20 mi46 / 100Pass
Le Center MN24 mi38 / 100Pass
Montgomery MN25 mi60 / 100Pass
Wells MN26 mi45 / 100Pass
North Mankato MN28 mi46 / 100Pass

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

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