Hazen, ND self-storage market

Population 2,453. Passes the self-storage screen with 42 / 100; each line below shows where the points came from.

Town score, higher = better market to buy in
42 / 100Pass

Passes the screen

0Population 2,453: in the 2,000 to 20,000 scope
+25Income $80k: $70k+, best
-8Population -3.5% since 2015-2019: shrinking 2% to 5%, penalty
0Renters 17.9%: under 20%, low
+101 storage facilities within 10 mi (0 chain): 0 to 3, best
+15Supply 4.2 sq ft per person (23,247 sq ft / market population 5,493): under 7 sq ft, best
42Total, out of 100
Storage sq ft per person, 10 miles
4.2
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. 100% of nearby facilities have a size estimate.
0under 7: undersuppliedUS average 7.9over 10: crowded18+
Population
2,453
Residents of the Census place, ACS 5-year 2020 to 2024. 5,493 people live in Census places within 10 miles, the market this town is judged on.
Median household income
$79,609
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
17.9%
Renters move more and rent storage more. 40% and up scores best.
Storage facilities within 10 miles
1
0 to 3 scores best. 11 or more costs points, and chains or REITs cost more. 0 of them are chains or REITs.
Facilities whose nearest town is Hazen
0
0 independent. Each facility is linked to the nearest scored town within 10 miles.

Facilities near Hazen

No facility lists Hazen as its nearest scored town.

Nearby towns

TownDistanceTown scorehigher = better market to buy in
Beulah ND7 mi40 / 100Pass
Lincoln ND57 mi45 / 100Pass
New ND62 mi58 / 100Pass
Minot AFB ND79 mi-5 / 100Fail
Stanley ND79 mi43 / 100Pass

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

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