Wise, VA self-storage market

Population 2,916. Passes the self-storage screen with 32 / 100; each line below shows where the points came from.

Town score, higher = better market to buy in
32 / 100Pass

Passes the screen

0Population 2,916: in the 2,000 to 20,000 scope
+15Income $54k: $50k to $65k, ok
-8Population -3% since 2015-2019: shrinking 2% to 5%, penalty
+5Renters 28.7%: 20% to 30%, ok
+54 storage facilities within 10 mi (0 chain): 4 to 6, good
+15Supply 6 sq ft per person (56,426 sq ft / market population 9,474): under 7 sq ft, best
32Total, out of 100
Storage sq ft per person, 10 miles
6.0
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
2,916
Residents of the Census place, ACS 5-year 2020 to 2024. 9,474 people live in Census places within 10 miles, the market this town is judged on.
Median household income
$53,596
Under $45k fails the screen. $70k and up scores best.
Population change since 2015 to 2019
-3.0%
Growth of 10% or more scores best. Shrinking towns lose points.
Renter households
28.7%
Renters move more and rent storage more. 40% and up scores best.
Storage facilities within 10 miles
4
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 Wise
3
3 independent. Each facility is linked to the nearest scored town within 10 miles.

Facilities near Wise

FacilityNearest townTypeReviews on MapsEst. units Members onlyWebsite Members onlyPhone Members onlyLead scorehigher = better lead Members only
Coeburn Mini Storage, LLCWise, VAIndependent4MembersMembersMembersMembers
Front Street Secure Self StorageWise, VAIndependent8MembersMembersMembersMembers
Lake Street Secure Self StorageWise, VAIndependent71MembersMembersMembersMembers

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

Showing 3 of 3 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
Norton VA4 mi10 / 100Fail
Big Stone Gap VA13 mi43 / 100Pass
Cumberland KY23 mi25 / 100Fail
Bloomingdale TN28 mi15 / 100Pass
Lebanon VA28 mi5 / 100Fail
Mount Carmel TN29 mi25 / 100Pass

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

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