Everything You Need to Know About Finding Self Storage in Marion, IN

Just starting your Marion self storage search? There are a few things you should know. Marion storage unit prices and availability are closely related to things like real estate prices, the type of housing available in the area, the city's wealth, and whether or not many people are moving to the area. In order to give you a better idea of these factors in Marion, we pulled in data from the US Census.

Marion, IN Moving and Storage

If there are many people moving to or from Marion, prices could be higher than in other cities. That's because self storage if often used as part of a home move. We can get a good idea of whether or not many people are moving to or from Marion by looking at the change in population. US Census data tells us that the Marion metro area's population shrank from 29,894 in 2010 to 29,308 in 2014, a decline of -1.96%.

The Relationship Between Real Estate and Self Storage in Marion, IN.

Vacancy and occupancy rates in the Marion housing market can help us gauge the demand for living space and thus self-storage space in Marion, and may hint at storage availability and pricing. If housing occupancy rates in Marion are high, it's probably safe to assume that storage facility occupancy rates in Marion are also high, which would push unit prices up. 13.8% of housing units in Marion are vacant according to the US Census, while 86.2% are occupied. That's a lower vacancy rate than the average for cities in the United States, and suggests that storage facility vacancy in Marion may also be lower. Low vacancy allows storage facilities to charge higher rent, so a cheap storage unit could be trickier to find in Marion than in other cities.