Newton, NJ self-storage market

Population 8,369. Passes the self-storage screen with 42 / 100; each line below shows where the points came from.

Town score, higher = better market to buy in
42 / 100Pass

Passes the screen

0Population 8,369: in the 2,000 to 20,000 scope
+25Income $76k: $70k+, best
+8Population +5.8% since 2015-2019: growing 2% to 10%, good
+10Renters 40.7%: 40%+, best
-1014 storage facilities within 10 mi (3 chain): 11+, penalty
-63 chain or REIT facilities within 10 mi
+15Supply 4.2 sq ft per person (246,128 sq ft / market population 59,118): under 7 sq ft, best
42Total, out of 100
Storage sq ft per person, 10 miles
4.2
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. 100% of nearby facilities have a size estimate.
0under 7: undersuppliedUS average 7.9over 10: crowded18+
Population
8,369
Residents of the Census place, ACS 5-year 2020 to 2024. 59,118 people live in Census places within 10 miles, the market this town is judged on.
Median household income
$76,221
Under $45k fails the screen. $70k and up scores best.
Population change since 2015 to 2019
+5.8%
Growth of 10% or more scores best. Shrinking towns lose points.
Renter households
40.7%
Renters move more and rent storage more. 40% and up scores best.
Storage facilities within 10 miles
14
0 to 3 scores best. 11 or more costs points, and chains or REITs cost more. 3 of them are chains or REITs.
Facilities whose nearest town is Newton
2
1 independent. Each facility is linked to the nearest scored town within 10 miles.

Facilities near Newton

FacilityNearest townTypeReviews on MapsEst. units Members onlyWebsite Members onlyPhone Members onlyLead scorehigher = better lead Members only
Outta Space Self StorageNewton, NJIndependent6MembersMembersMembersMembers
Public StorageNewton, NJChain or REIT317MembersMembersMembersMembers

Lead score runs 0 to 100, higher = better lead. Lead Weak Fail

Showing 2 of 2 facilities, sorted by name. Members see all of them with every field, sorted by lead score, highest first.

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Nearby towns

TownDistanceTown scorehigher = better market to buy in
Lake Mohawk NJ5 mi28 / 100Pass
Ogdensburg NJ8 mi0 / 100Fail
Hopatcong NJ8 mi20 / 100Pass
Byram Center NJ9 mi35 / 100Pass
Franklin NJ9 mi8 / 100Fail
Lake Hopatcong NJ10 mi20 / 100Pass

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

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