Ocean Grove, NJ self-storage market
Population 3,092. 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 3,092: in the 2,000 to 20,000 scope
+25Income $89k: $70k+, best
0Population +1.5% since 2015-2019: flat (within 2%), ok
+8Renters 36.3%: 30% to 40%, good
-1029 storage facilities within 10 mi (18 chain): 11+, penalty
-1018 chain or REIT facilities within 10 mi
+15Supply 3.5 sq ft per person (723,436 sq ft / market population 206,001, 90% of facilities sized): under 7 sq ft, best
28Total, out of 100
Storage sq ft per person, 10 miles
3.5
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
3,092
Residents of the Census place, ACS 5-year 2020 to 2024. 206,001 people live in Census places within 10 miles, the market this town is judged on.
Median household income
$89,286
Under $45k fails the screen. $70k and up scores best.
Population change since 2015 to 2019
+1.5%
Growth of 10% or more scores best. Shrinking towns lose points.
Renter households
36.3%
Renters move more and rent storage more. 40% and up scores best.
Storage facilities within 10 miles
29
0 to 3 scores best. 11 or more costs points, and chains or REITs cost more. 18 of them are chains or REITs.
Facilities whose nearest town is Ocean Grove
0
0 independent. Each facility is linked to the nearest scored town within 10 miles.
Facilities near Ocean Grove
No facility lists Ocean Grove as its nearest scored town.
Nearby towns
| Town | Distance | Town scorehigher = better market to buy in |
|---|---|---|
| Bradley Beach NJ | 1 mi | 30 / 100Pass |
| Asbury Park NJ | 1 mi | 30 / 100Pass |
| Avon-by-the-Sea NJ | 1 mi | 43 / 100Pass |
| Neptune NJ | 2 mi | 25 / 100Pass |
| Wanamassa NJ | 2 mi | 5 / 100Fail |
| Belmar NJ | 2 mi | 38 / 100Pass |
Town score runs 0 to 100, higher = better market to buy in. Pass Fail Check
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