Covington, VA self-storage market

Population 5,680. Fails 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 / 100Fail

Fails the screen

0Population 5,680: in the 2,000 to 20,000 scope
0Income $42k: under $45k, hard fail
0Population +1.5% since 2015-2019: flat (within 2%), ok
+5Renters 29.9%: 20% to 30%, ok
08 storage facilities within 10 mi (0 chain): 7 to 10, ok
+15Supply 3.5 sq ft per person (36,478 sq ft / market population 10,504, 63% of facilities sized): under 7 sq ft, best
20Total, 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. 63% of nearby facilities have a size estimate.
0under 7: undersuppliedUS average 7.9over 10: crowded18+
Population
5,680
Residents of the Census place, ACS 5-year 2020 to 2024. 10,504 people live in Census places within 10 miles, the market this town is judged on.
Median household income
$41,944
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
29.9%
Renters move more and rent storage more. 40% and up scores best.
Storage facilities within 10 miles
8
0 to 3 scores best. 11 or more costs points, and chains or REITs cost more. 0 of them are chains or REITs.
Facilities whose nearest town is Covington
6
6 independent. Each facility is linked to the nearest scored town within 10 miles.

Facilities near Covington

FacilityNearest townTypeReviews on MapsEst. units Members onlyWebsite Members onlyPhone Members onlyLead scorehigher = better lead Members only
24 Seven StorageCovington, VAIndependent28MembersMembersMembersMembers
Dawn Mini-StorageCovington, VAIndependent1MembersMembersMembersMembers
Highland Centre Secure StorageCovington, VAIndependent0MembersMembersMembersMembers
Highland Centre Secure StorageCovington, VAIndependent0MembersMembersMembersMembers
Main Street StorageCovington, VAIndependent1MembersMembersMembersMembers
P C Mini Storage IncCovington, VAIndependent3MembersMembersMembersMembers

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

Showing 6 of 6 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
Clifton Forge VA9 mi15 / 100Fail
White Sulphur Springs WV17 mi-32 / 100Fail
Lewisburg WV24 mi-15 / 100Fail
Daleville VA26 mi40 / 100Pass
Blue Ridge VA29 mi-15 / 100Fail
Lexington VA30 mi53 / 100Pass

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

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