Lowell, NC self-storage market

Population 3,768. Passes the self-storage screen with 23 / 100; each line below shows where the points came from.

Town score, higher = better market to buy in
23 / 100Pass

Passes the screen

0Population 3,768: in the 2,000 to 20,000 scope
+15Income $53k: $50k to $65k, ok
+8Population +3.5% since 2015-2019: growing 2% to 10%, good
+5Renters 26.9%: 20% to 30%, ok
-1040 storage facilities within 10 mi (13 chain): 11+, penalty
-1013 chain or REIT facilities within 10 mi
+15Supply 5.4 sq ft per person (773,808 sq ft / market population 143,900, 78% of facilities sized): under 7 sq ft, best
23Total, out of 100
Storage sq ft per person, 10 miles
5.4
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. 78% of nearby facilities have a size estimate.
0under 7: undersuppliedUS average 7.9over 10: crowded18+
Population
3,768
Residents of the Census place, ACS 5-year 2020 to 2024. 143,900 people live in Census places within 10 miles, the market this town is judged on.
Median household income
$52,500
Under $45k fails the screen. $70k and up scores best.
Population change since 2015 to 2019
+3.5%
Growth of 10% or more scores best. Shrinking towns lose points.
Renter households
26.9%
Renters move more and rent storage more. 40% and up scores best.
Storage facilities within 10 miles
40
0 to 3 scores best. 11 or more costs points, and chains or REITs cost more. 13 of them are chains or REITs.
Facilities whose nearest town is Lowell
4
2 independent. Each facility is linked to the nearest scored town within 10 miles.

Facilities near Lowell

FacilityNearest townTypeReviews on MapsEst. units Members onlyWebsite Members onlyPhone Members onlyLead scorehigher = better lead Members only
Extra Space StorageLowell, NCChain or REIT236MembersMembersMembersMembers
Hickory Grove Self StorageLowell, NCIndependent26MembersMembersMembersMembers
Morningstar StorageLowell, NCIndependent167MembersMembersMembersMembers
Public StorageLowell, NCChain or REIT99MembersMembersMembersMembers

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

Showing 4 of 4 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
Ranlo NC2 mi43 / 100Pass
Cramerton NC4 mi43 / 100Pass
Belmont NC4 mi35 / 100Pass
Dallas NC5 mi33 / 100Pass
Stanley NC6 mi40 / 100Pass
Mount Holly NC6 mi13 / 100Fail

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

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