Before beginning your self storage search in Bay Minette, there are a few things you should know. Bay Minette 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 Bay Minette, we pulled in data from the US Census.
Many people use storage as part of their move, so if there are many people moving to Bay Minette, you might expect storage prices to be higher and unit availability to be lower. Population changes over time are one way of gauging the amount of moving activity in Bay Minette. The Bay Minette metro area grew from 8,348 persons in 2010 to 9,049 persons in 2014 according to the US Census, an increase of 8.4%.
Housing unit occupancy can give us an idea of what the demand is like for living and storage space in Bay Minette. High occupancy rates can indicate a lack of housing supply in Bay Minette, which may correlate to a lack of storage unit inventory and thus higher rental rates for self storage in the Bay Minette area. The US Census estimates that housing vacancy rates in Bay Minette are at 11.5%, while the occupancy rate is at 88.5%. The average occupancy rate in US cities is 89%, so it's likely the case that storage facilities in Bay Minette also have higher than average occupancy rates. High occupancy rates in Bay Minette will make it more difficult to find a good deal on a storage unit.
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