Cape May, NJ self-storage market
Population 2,767. Fails the self-storage screen with -2 / 100; each line below shows where the points came from.
Town score, higher = better market to buy in
-2 / 100FailFails the screen
0Population 2,767: in the 2,000 to 20,000 scope
+15Income $63k: $50k to $65k, ok
-15Population -20.1% since 2015-2019: shrinking 5%+, penalty
+8Renters 35.5%: 30% to 40%, good
-1015 storage facilities within 10 mi (5 chain): 11+, penalty
-105 chain or REIT facilities within 10 mi
+10Supply 7.8 sq ft per person (307,202 sq ft / market population 39,391, 87% of facilities sized): 7 to 8.5 sq ft, good
0Score -2 is under the pass mark 15
-2Total, out of 100
Storage sq ft per person, 10 miles
7.8
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. 87% of nearby facilities have a size estimate.
0under 7: undersuppliedUS average 7.9over 10: crowded18+
Population
2,767
Residents of the Census place, ACS 5-year 2020 to 2024. 39,391 people live in Census places within 10 miles, the market this town is judged on.
Median household income
$62,576
Under $45k fails the screen. $70k and up scores best.
Population change since 2015 to 2019
-20.1%
Growth of 10% or more scores best. Shrinking towns lose points.
Renter households
35.5%
Renters move more and rent storage more. 40% and up scores best.
Storage facilities within 10 miles
15
0 to 3 scores best. 11 or more costs points, and chains or REITs cost more. 5 of them are chains or REITs.
Facilities whose nearest town is Cape May
0
0 independent. Each facility is linked to the nearest scored town within 10 miles.
Facilities near Cape May
No facility lists Cape May as its nearest scored town.
Nearby towns
| Town | Distance | Town scorehigher = better market to buy in |
|---|---|---|
| Wildwood Crest NJ | 4 mi | 10 / 100Fail |
| North Cape May NJ | 4 mi | 35 / 100Pass |
| Wildwood NJ | 5 mi | 25 / 100Pass |
| Rio Grande NJ | 5 mi | 35 / 100Pass |
| Villas NJ | 6 mi | 30 / 100Pass |
| North Wildwood NJ | 7 mi | 0 / 100Fail |
Town score runs 0 to 100, higher = better market to buy in. Pass Fail Check
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