Mulberry, NC self-storage market

Population 2,037. Fails the self-storage screen with -9 / 100; each line below shows where the points came from.

Town score, higher = better market to buy in
-9 / 100Fail

Fails the screen

0Population 2,037: in the 2,000 to 20,000 scope
+15Income $52k: $50k to $65k, ok
-15Population -9% since 2015-2019: shrinking 5%+, penalty
0Renters 19.4%: under 20%, low
-1018 storage facilities within 10 mi (2 chain): 11+, penalty
-42 chain or REIT facilities within 10 mi
+5Supply 8.7 sq ft per person (158,970 sq ft / market population 18,251, 72% of facilities sized): 8.5 to 9 sq ft, ok
0Score -9 is under the pass mark 15
-9Total, out of 100
Storage sq ft per person, 10 miles
8.7
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. 72% of nearby facilities have a size estimate.
0under 7: undersuppliedUS average 7.9over 10: crowded18+
Population
2,037
Residents of the Census place, ACS 5-year 2020 to 2024. 18,251 people live in Census places within 10 miles, the market this town is judged on.
Median household income
$51,919
Under $45k fails the screen. $70k and up scores best.
Population change since 2015 to 2019
-9.0%
Growth of 10% or more scores best. Shrinking towns lose points.
Renter households
19.4%
Renters move more and rent storage more. 40% and up scores best.
Storage facilities within 10 miles
18
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 Mulberry
0
0 independent. Each facility is linked to the nearest scored town within 10 miles.

Facilities near Mulberry

No facility lists Mulberry as its nearest scored town.

Nearby towns

TownDistanceTown scorehigher = better market to buy in
North Wilkesboro NC4 mi9 / 100Fail
Cricket NC4 mi16 / 100Fail
Wilkesboro NC6 mi9 / 100Fail
Elkin NC18 mi8 / 100Fail
Jonesville NC18 mi10 / 100Fail
Taylorsville NC21 mi-5 / 100Fail

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

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