Mendham, NJ self-storage market
Population 4,973. Passes the self-storage screen with 20 / 100; each line below shows where the points came from.
Town score, higher = better market to buy in
20 / 100PassPasses the screen
0Population 4,973: in the 2,000 to 20,000 scope
+25Income $212k: $70k+, best
0Population +1.1% since 2015-2019: flat (within 2%), ok
0Renters 14.1%: under 20%, low
-1016 storage facilities within 10 mi (14 chain): 11+, penalty
-1014 chain or REIT facilities within 10 mi
+15Supply 1.9 sq ft per person (329,568 sq ft / market population 169,851, 75% of facilities sized): under 7 sq ft, best
20Total, out of 100
Storage sq ft per person, 10 miles
1.9
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. 75% of nearby facilities have a size estimate.
0under 7: undersuppliedUS average 7.9over 10: crowded18+
Population
4,973
Residents of the Census place, ACS 5-year 2020 to 2024. 169,851 people live in Census places within 10 miles, the market this town is judged on.
Median household income
$211,944
Under $45k fails the screen. $70k and up scores best.
Population change since 2015 to 2019
+1.1%
Growth of 10% or more scores best. Shrinking towns lose points.
Renter households
14.1%
Renters move more and rent storage more. 40% and up scores best.
Storage facilities within 10 miles
16
0 to 3 scores best. 11 or more costs points, and chains or REITs cost more. 14 of them are chains or REITs.
Facilities whose nearest town is Mendham
0
0 independent. Each facility is linked to the nearest scored town within 10 miles.
Facilities near Mendham
No facility lists Mendham as its nearest scored town.
Nearby towns
| Town | Distance | Town scorehigher = better market to buy in |
|---|---|---|
| Bernardsville NJ | 3 mi | 28 / 100Pass |
| Peapack and Gladstone NJ | 5 mi | 42 / 100Pass |
| Basking Ridge NJ | 5 mi | 20 / 100Pass |
| Lyons NJ | 7 mi | 20 / 100Pass |
| Succasunna NJ | 7 mi | 35 / 100Pass |
| Liberty Corner NJ | 7 mi | 28 / 100Pass |
Town score runs 0 to 100, higher = better market to buy in. Pass Fail Check
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