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Everything You Need to Know About Finding Self Storage in Portage, MI

Just starting your Portage self storage search? There are a few things you should know. The pricing and availability of storage units in Portage 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. Using US Census data, we've pieced together a better picture of those factors as they relate to self storage in Portage.

Portage, MI Moving and Storage

Many people use storage as part of their move, so if there are many people moving to Portage, you might expect storage prices to be higher and unit availability to be lower. A city with a high amount of moving activity should see substantial changes in population, so by looking at population data for Portage we can get a better idea of the amount of moving activity. The US Census tells us that the metro area population of Portage grew from 46,359 in 2010 to 47,837 in 2014, which is a rate of 3.19% growth over four years.

Self Storage and Real Estate in Portage, MI

Vacancy and occupancy rates in the Portage housing market can help us gauge the demand for living space and thus self-storage space in Portage, and may hint at storage availability and pricing. High occupancy rates can indicate a lack of housing supply in Portage, which may correlate to a lack of storage unit inventory and thus higher rental rates for self storage in the Portage area. Portage is estimated to have a 93.4% housing occupancy rate, while the vacancy rate is at 6.6%. That's a lower vacancy rate than the average for cities in the United States, and suggests that storage facility vacancy in Portage may also be lower. Low vacancy allows storage facilities to charge higher rent, so a cheap storage unit could be trickier to find in Portage than in other cities.