Tips for Finding Self Storage in Richfield, WI

There are a few things you should know about Richfield self storage before you begin your search. If you're wondering how much you should expect to pay for self storage in Richfield, consider the fact that storage prices are closely related to factors like the real estate climate, the economic prospects of the city, and population growth. We used US Census data on Richfield to give you a better idea of these factors.

Self Storage and Moving in Richfield, WI

Many people use storage as part of their move, so if there are many people moving to Richfield, you might expect storage prices to be higher and unit availability to be lower. By looking at population changes in Richfield, we should be able to get an idea of how many people are moving to or from the city. The Richfield metro area grew from 11,303 persons in 2010 to 11,460 persons in 2014 according to the US Census, an increase of 1.39%.

The Real Estate Climate and Self Storage in Richfield, WI

One way to get an idea of the demand for housing and storage space in Richfield is to look at housing occupancy and vacancy rates. Low rates of vacancy in Richfield housing could indicate that real estate is in short supply. Self storage units in Richfield may then also be in short supply, which means Richfield storage unit prices may be higher. 3.9% of housing units in Richfield are vacant according to the US Census, while 96.1% are occupied. The average occupancy rate in US cities is approximately 89%, which is lower than the rate in Richfield, suggesting that storage unit inventory might also be tighter in Richfield. With fewer units available, storage facilities in Richfield may charge higher prices.