Sharon, PA self-storage market

Population 12,936. Fails the self-storage screen with 1 / 100; each line below shows where the points came from.

Town score, higher = better market to buy in
1 / 100Fail

Fails the screen

0Population 12,936: in the 2,000 to 20,000 scope
+5Income $46k: $45k to $50k, weak
-8Population -2.2% since 2015-2019: shrinking 2% to 5%, penalty
+10Renters 47%: 40%+, best
-1024 storage facilities within 10 mi (3 chain): 11+, penalty
-63 chain or REIT facilities within 10 mi
+10Supply 7.2 sq ft per person (423,960 sq ft / market population 58,709, 83% of facilities sized): 7 to 8.5 sq ft, good
0Score 1 is under the pass mark 15
1Total, out of 100
Storage sq ft per person, 10 miles
7.2
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. 83% of nearby facilities have a size estimate.
0under 7: undersuppliedUS average 7.9over 10: crowded18+
Population
12,936
Residents of the Census place, ACS 5-year 2020 to 2024. 58,709 people live in Census places within 10 miles, the market this town is judged on.
Median household income
$45,670
Under $45k fails the screen. $70k and up scores best.
Population change since 2015 to 2019
-2.2%
Growth of 10% or more scores best. Shrinking towns lose points.
Renter households
47.0%
Renters move more and rent storage more. 40% and up scores best.
Storage facilities within 10 miles
24
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 Sharon
0
0 independent. Each facility is linked to the nearest scored town within 10 miles.

Facilities near Sharon

No facility lists Sharon as its nearest scored town.

Nearby towns

TownDistanceTown scorehigher = better market to buy in
West Hill OH1 mi24 / 100Fail
Farrell PA2 mi-13 / 100Fail
Sharpsville PA2 mi24 / 100Pass
Masury OH3 mi22 / 100Fail
Hermitage PA3 mi34 / 100Pass
Hubbard OH6 mi15 / 100Pass

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

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