Matawan, NJ self-storage market

Population 9,710. Passes the self-storage screen with 45 / 100; each line below shows where the points came from.

Town score, higher = better market to buy in
45 / 100Pass

Passes the screen

0Population 9,710: in the 2,000 to 20,000 scope
+25Income $123k: $70k+, best
+15Population +11% since 2015-2019: growing 10%+, best
+10Renters 48.1%: 40%+, best
-1037 storage facilities within 10 mi (28 chain): 11+, penalty
-1028 chain or REIT facilities within 10 mi
+15Supply 3.2 sq ft per person (1,001,021 sq ft / market population 309,940, 86% of facilities sized): under 7 sq ft, best
45Total, out of 100
Storage sq ft per person, 10 miles
3.2
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. 86% of nearby facilities have a size estimate.
0under 7: undersuppliedUS average 7.9over 10: crowded18+
Population
9,710
Residents of the Census place, ACS 5-year 2020 to 2024. 309,940 people live in Census places within 10 miles, the market this town is judged on.
Median household income
$123,354
Under $45k fails the screen. $70k and up scores best.
Population change since 2015 to 2019
+11.0%
Growth of 10% or more scores best. Shrinking towns lose points.
Renter households
48.1%
Renters move more and rent storage more. 40% and up scores best.
Storage facilities within 10 miles
37
0 to 3 scores best. 11 or more costs points, and chains or REITs cost more. 28 of them are chains or REITs.
Facilities whose nearest town is Matawan
0
0 independent. Each facility is linked to the nearest scored town within 10 miles.

Facilities near Matawan

No facility lists Matawan as its nearest scored town.

Nearby towns

TownDistanceTown scorehigher = better market to buy in
Strathmore NJ1 mi5 / 100Fail
Keyport NJ2 mi30 / 100Pass
Morganville NJ2 mi35 / 100Pass
Cliffwood Beach NJ2 mi28 / 100Pass
Laurence Harbor NJ3 mi5 / 100Fail
Brownville NJ3 mi5 / 100Fail

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

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