Highland Lakes, NJ self-storage market
Population 3,852. Fails the self-storage screen with -5 / 100; each line below shows where the points came from.
Town score, higher = better market to buy in
-5 / 100FailFails the screen
0Population 3,852: in the 2,000 to 20,000 scope
+25Income $109k: $70k+, best
-15Population -24.4% since 2015-2019: shrinking 5%+, penalty
0Renters 6.9%: under 20%, low
-1020 storage facilities within 10 mi (7 chain): 11+, penalty
-107 chain or REIT facilities within 10 mi
+5Supply 8.8 sq ft per person (415,466 sq ft / market population 47,124, 90% of facilities sized): 8.5 to 9 sq ft, ok
0Score -5 is under the pass mark 15
-5Total, out of 100
Storage sq ft per person, 10 miles
8.8
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. 90% of nearby facilities have a size estimate.
0under 7: undersuppliedUS average 7.9over 10: crowded18+
Population
3,852
Residents of the Census place, ACS 5-year 2020 to 2024. 47,124 people live in Census places within 10 miles, the market this town is judged on.
Median household income
$109,000
Under $45k fails the screen. $70k and up scores best.
Population change since 2015 to 2019
-24.4%
Growth of 10% or more scores best. Shrinking towns lose points.
Renter households
6.9%
Renters move more and rent storage more. 40% and up scores best.
Storage facilities within 10 miles
20
0 to 3 scores best. 11 or more costs points, and chains or REITs cost more. 7 of them are chains or REITs.
Facilities whose nearest town is Highland Lakes
1
1 independent. Each facility is linked to the nearest scored town within 10 miles.
Facilities near Highland Lakes
| Facility | Nearest town | Type | Reviews on Maps | Est. units Members only | Website Members only | Phone Members only | Lead scorehigher = better lead Members only |
|---|---|---|---|---|---|---|---|
| Vernon Self Storage | Highland Lakes, NJ | Independent | 11 | Members | Members | Members | Members |
Lead score runs 0 to 100, higher = better lead. Lead Weak Fail
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