Everything You Need to Know About Finding Self Storage in Katy, TX
Just starting your Katy self storage search? There are a few things you should know. The pricing and availability of storage units in Katy will depend on several factors such as the real estate climate, the number of people moving into or throughout the area, housing conditions in the city, and the general wealth and prosperity of the area. We used US Census data on Katy to give you a better idea of these factors.Self Storage and Moving in Katy, TX
One of the primary uses of self storage is as a safe place to keep your things between moving homes. If many people are moving to or from Katy, prices could be higher and availability lower. A city with a high amount of moving activity should see substantial changes in population, so by looking at population data for Katy we can get a better idea of the amount of moving activity. The US Census tells us that the metro area population of Katy grew from 14,167 in 2010 to 15,591 in 2014, which is a rate of 10.05% growth over four years.The Relationship Between Real Estate and Self Storage in Katy, TX
One way to get an idea of the demand for housing and storage space in Katy is to look at housing occupancy and vacancy rates. High occupancy rates can indicate a lack of housing supply in Katy, which may correlate to a lack of storage unit inventory and thus higher rental rates for self storage in the Katy area. According to US Census estimates, 95.6% of housing units in Katy are occupied, while the vacancy rate is at 4.4%. That's a lower vacancy rate than the average for cities in the United States, and suggests that storage facility vacancy in Katy may also be lower. Low vacancy allows storage facilities to charge higher rent, so a cheap storage unit could be trickier to find in Katy than in other cities.