Homestead, PA self-storage market

Population 2,874. Fails the self-storage screen with -10 / 100; each line below shows where the points came from.

Town score, higher = better market to buy in
-10 / 100Fail

Fails the screen

0Population 2,874: in the 2,000 to 20,000 scope
0Income $39k: under $45k, hard fail
-15Population -9.3% since 2015-2019: shrinking 5%+, penalty
+10Renters 65.9%: 40%+, best
-1071 storage facilities within 10 mi (16 chain): 11+, penalty
-1016 chain or REIT facilities within 10 mi
+15Supply 1.9 sq ft per person (1,335,666 sq ft / market population 687,824, 87% of facilities sized): under 7 sq ft, best
-10Total, 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. 87% of nearby facilities have a size estimate.
0under 7: undersuppliedUS average 7.9over 10: crowded18+
Population
2,874
Residents of the Census place, ACS 5-year 2020 to 2024. 687,824 people live in Census places within 10 miles, the market this town is judged on.
Median household income
$39,052
Under $45k fails the screen. $70k and up scores best.
Population change since 2015 to 2019
-9.3%
Growth of 10% or more scores best. Shrinking towns lose points.
Renter households
65.9%
Renters move more and rent storage more. 40% and up scores best.
Storage facilities within 10 miles
71
0 to 3 scores best. 11 or more costs points, and chains or REITs cost more. 16 of them are chains or REITs.
Facilities whose nearest town is Homestead
0
0 independent. Each facility is linked to the nearest scored town within 10 miles.

Facilities near Homestead

No facility lists Homestead as its nearest scored town.

Nearby towns

TownDistanceTown scorehigher = better market to buy in
Munhall PA1 mi3 / 100Fail
Swissvale PA2 mi12 / 100Fail
Edgewood PA2 mi28 / 100Pass
Braddock PA2 mi13 / 100Fail
North Braddock PA3 mi-10 / 100Fail
Forest Hills PA3 mi25 / 100Pass

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

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