Elon, NC self-storage market

Population 11,032. Passes the self-storage screen with 17 / 100; each line below shows where the points came from.

Town score, higher = better market to buy in
17 / 100Pass

Passes the screen

0Population 11,032: in the 2,000 to 20,000 scope
+25Income $85k: $70k+, best
-8Population -4.2% since 2015-2019: shrinking 2% to 5%, penalty
+5Renters 29.9%: 20% to 30%, ok
-1024 storage facilities within 10 mi (8 chain): 11+, penalty
-108 chain or REIT facilities within 10 mi
+15Supply 4.3 sq ft per person (494,104 sq ft / market population 114,816, 83% of facilities sized): under 7 sq ft, best
17Total, out of 100
Storage sq ft per person, 10 miles
4.3
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. 83% of nearby facilities have a size estimate.
0under 7: undersuppliedUS average 7.9over 10: crowded18+
Population
11,032
Residents of the Census place, ACS 5-year 2020 to 2024. 114,816 people live in Census places within 10 miles, the market this town is judged on.
Median household income
$84,773
Under $45k fails the screen. $70k and up scores best.
Population change since 2015 to 2019
-4.2%
Growth of 10% or more scores best. Shrinking towns lose points.
Renter households
29.9%
Renters move more and rent storage more. 40% and up scores best.
Storage facilities within 10 miles
24
0 to 3 scores best. 11 or more costs points, and chains or REITs cost more. 8 of them are chains or REITs.
Facilities whose nearest town is Elon
6
5 independent. Each facility is linked to the nearest scored town within 10 miles.

Facilities near Elon

FacilityNearest townTypeReviews on MapsEst. units Members onlyWebsite Members onlyPhone Members onlyLead scorehigher = better lead Members only
Bee Safe StorageElon, NCChain or REIT288MembersMembersMembersMembers
Cardinal Self Storage - BurlingtonElon, NCIndependent69MembersMembersMembersMembers
Elon Self StorageElon, NCIndependent22MembersMembersMembersMembers
Five Oak Self StorageElon, NCIndependent1MembersMembersMembersMembers
Grand Oaks Self StorageElon, NCIndependent7MembersMembersMembersMembers
Pinnacle StorageElon, NCIndependent154MembersMembersMembersMembers

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
Gibsonville NC2 mi35 / 100Pass
Glen Raven NC3 mi18 / 100Pass
Graham NC7 mi35 / 100Pass
Haw River NC8 mi30 / 100Pass
Green Level NC9 mi33 / 100Pass
Swepsonville NC10 mi35 / 100Pass

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

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