Welch, WV self-storage market

Population 3,507. 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 3,507: in the 2,000 to 20,000 scope
0Income $33k: under $45k, hard fail
+15Population +18.2% since 2015-2019: growing 10%+, best
+5Renters 24.7%: 20% to 30%, ok
0Competitors unknown: 0 facilities within 10 mi needs a data check: the search was centered 3.3 mi from where people live; 21 storage facilities within 25 mi (bigger market nearby)
0Supply unknown: no facility found near the town point, see competitors
0Map point moved 3.3 mi from the Census internal point to the population center (the Google search was centered there: nearby facilities come from neighbor searches)
20Total, out of 100
Storage sq ft per person, 10 miles
Unknown
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.
0under 7: undersuppliedUS average 7.9over 10: crowded18+
Population
3,507
Residents of the Census place, ACS 5-year 2020 to 2024. 5,676 people live in Census places within 10 miles, the market this town is judged on.
Median household income
$32,969
Under $45k fails the screen. $70k and up scores best.
Population change since 2015 to 2019
+18.2%
Growth of 10% or more scores best. Shrinking towns lose points.
Renter households
24.7%
Renters move more and rent storage more. 40% and up scores best.
Storage facilities within 10 miles
0
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 Welch
0
0 independent. Each facility is linked to the nearest scored town within 10 miles.

Facilities near Welch

No facility lists Welch as its nearest scored town.

Nearby towns

TownDistanceTown scorehigher = better market to buy in
Mullens WV12 mi30 / 100Check
Bluefield VA22 mi8 / 100Fail
Tazewell VA23 mi38 / 100Fail
Bluefield WV23 mi-2 / 100Fail
Princeton WV26 mi10 / 100Fail
Richlands VA30 mi-15 / 100Fail

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

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