Colonia, NJ self-storage market
Population 18,587. Passes the self-storage screen with 28 / 100; each line below shows where the points came from.
Town score, higher = better market to buy in
28 / 100PassPasses the screen
0Population 18,587: in the 2,000 to 20,000 scope
+25Income $123k: $70k+, best
+8Population +4.4% since 2015-2019: growing 2% to 10%, good
0Renters 11.1%: under 20%, low
-1064 storage facilities within 10 mi (50 chain): 11+, penalty
-1050 chain or REIT facilities within 10 mi
+15Supply 2 sq ft per person (1,637,949 sq ft / market population 836,073, 84% of facilities sized): under 7 sq ft, best
28Total, out of 100
Storage sq ft per person, 10 miles
2.0
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. 84% of nearby facilities have a size estimate.
0under 7: undersuppliedUS average 7.9over 10: crowded18+
Population
18,587
Residents of the Census place, ACS 5-year 2020 to 2024. 836,073 people live in Census places within 10 miles, the market this town is judged on.
Median household income
$122,713
Under $45k fails the screen. $70k and up scores best.
Population change since 2015 to 2019
+4.4%
Growth of 10% or more scores best. Shrinking towns lose points.
Renter households
11.1%
Renters move more and rent storage more. 40% and up scores best.
Storage facilities within 10 miles
64
0 to 3 scores best. 11 or more costs points, and chains or REITs cost more. 50 of them are chains or REITs.
Facilities whose nearest town is Colonia
0
0 independent. Each facility is linked to the nearest scored town within 10 miles.
Facilities near Colonia
No facility lists Colonia as its nearest scored town.
Nearby towns
| Town | Distance | Town scorehigher = better market to buy in |
|---|---|---|
| Iselin NJ | 1 mi | 36 / 100Pass |
| Avenel NJ | 2 mi | 15 / 100Pass |
| Menlo Park Terrace NJ | 3 mi | 20 / 100Pass |
| Fords NJ | 4 mi | 10 / 100Fail |
| Port Reading NJ | 4 mi | 5 / 100Fail |
| Sewaren NJ | 4 mi | 40 / 100Pass |
Town score runs 0 to 100, higher = better market to buy in. Pass Fail Check
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$49 / month, all states
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