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Ludington, MI self-storage market

Population 7,676. Fails the self-storage screen with -33 / 100; each line below shows where the points came from.

Small-town score, higher = better market to buy in
-33 / 100Fail

Fails the screen

0Population 7,676: small town, in the 2,000 to 20,000 playbook range
+5Income $46k: $45k to $50k, weak
-8Population -4.9% since 2015-2019: shrinking 2% to 5%, penalty
+10Renters 40.4%: 40%+, best
-1014 storage facilities within 10 mi (0 chain): 11+, penalty
-30Supply 20.6 sq ft per person (188,464 sq ft / market population 9,150, 71% of facilities sized): 17.5+ sq ft, hard fail
-33Total, out of 100
Storage sq ft per person, 10 miles
20.6
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. 71% of nearby facilities have a size estimate.
0under 7: undersuppliedUS average 7.9over 10: crowded18+
Population
7,676
Residents of the Census place, ACS 5-year 2020 to 2024. 9,150 people live in Census places within 10 miles, the market this town is judged on.
Median household income
$46,411
Under $45k fails the screen. $70k and up scores best.
Population change since 2015 to 2019
-4.9%
Growth of 10% or more scores best. Shrinking towns lose points.
Renter households
40.4%
Renters move more and rent storage more. 40% and up scores best.
Storage facilities within 10 miles
14
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 Ludington
14
14 independent. Each facility is linked to the nearest scored town within 10 miles.

Facilities near Ludington

FacilityNearest townTypeReviews on MapsEst. units Members onlyWebsite Members onlyPhone Members onlyLead scorehigher = better lead Members only
Boxer StorageLudington, MIIndependent138MembersMembersMembersMembers
ClearSpace Storage Facility - Ludington, MILudington, MIIndependent0MembersMembersMembersMembers
Fischer Self Storage - ScottvilleLudington, MIIndependent1MembersMembersMembersMembers
Hamlin Self StorageLudington, MIIndependent16MembersMembersMembersMembers
Larson's Self Storage IncLudington, MIIndependent17MembersMembersMembersMembers
Ludington Railside Self Storage & BusinessLudington, MIIndependent27MembersMembersMembersMembers
Ludington Secured StorageLudington, MIIndependent8MembersMembersMembersMembers
My Storage Ludington EastLudington, MIIndependent49MembersMembersMembersMembers
My Storage Ludington WestLudington, MIIndependent9MembersMembersMembersMembers
Scottville Storage Co.Ludington, MIIndependent2MembersMembersMembersMembers
Sixth Street Self StorageLudington, MIIndependent0MembersMembersMembersMembers
The Storage Mall LudingtonLudington, MIIndependent32MembersMembersMembersMembers
VanderHaag Self StorageLudington, MIIndependent16MembersMembersMembersMembers
West 10 Self Storage LLCLudington, MIIndependent0MembersMembersMembersMembers

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

Showing 14 of 14 facilities, sorted by name. Members see all of them with every field, sorted by lead score, highest first.

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Nearby towns

TownDistanceSmall-town scorehigher = better market to buy in
Manistee MI21 mi24 / 100Pass
Shelby MI24 mi21 / 100Pass
Montague MI38 mi2 / 100Fail
Whitehall MI39 mi-5 / 100Fail
Fremont MI42 mi-5 / 100Fail
Twin Lake MI43 mi0 / 100Fail

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

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