Madison, NJ self-storage market
Population 16,447. 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 16,447: in the 2,000 to 20,000 scope
+25Income $171k: $70k+, best
0Population +0.4% since 2015-2019: flat (within 2%), ok
+8Renters 36.2%: 30% to 40%, good
-1041 storage facilities within 10 mi (30 chain): 11+, penalty
-1030 chain or REIT facilities within 10 mi
+15Supply 3.3 sq ft per person (1,323,679 sq ft / market population 396,823, 85% of facilities sized): under 7 sq ft, best
28Total, out of 100
Storage sq ft per person, 10 miles
3.3
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. 85% of nearby facilities have a size estimate.
0under 7: undersuppliedUS average 7.9over 10: crowded18+
Population
16,447
Residents of the Census place, ACS 5-year 2020 to 2024. 396,823 people live in Census places within 10 miles, the market this town is judged on.
Median household income
$171,471
Under $45k fails the screen. $70k and up scores best.
Population change since 2015 to 2019
+0.4%
Growth of 10% or more scores best. Shrinking towns lose points.
Renter households
36.2%
Renters move more and rent storage more. 40% and up scores best.
Storage facilities within 10 miles
41
0 to 3 scores best. 11 or more costs points, and chains or REITs cost more. 30 of them are chains or REITs.
Facilities whose nearest town is Madison
0
0 independent. Each facility is linked to the nearest scored town within 10 miles.
Facilities near Madison
No facility lists Madison as its nearest scored town.
Nearby towns
| Town | Distance | Town scorehigher = better market to buy in |
|---|---|---|
| Florham Park NJ | 2 mi | 43 / 100Pass |
| Chatham NJ | 2 mi | 28 / 100Pass |
| New Providence NJ | 4 mi | 33 / 100Pass |
| Whippany NJ | 5 mi | 20 / 100Pass |
| Cedar Knolls NJ | 5 mi | 30 / 100Pass |
| Short Hills NJ | 5 mi | 35 / 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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