Finding Self Storage in Bloomington, MN: Everything You Need To Know
Before beginning your self storage search in Bloomington, there are a few things you should know. Bloomington 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. Using US Census data, we've pieced together a better picture of those factors as they relate to self storage in Bloomington.Bloomington, MN Self Storage and Moving
Many people use storage as part of their move, so if there are many people moving to Bloomington, you might expect storage prices to be higher and unit availability to be lower. We can get a good idea of whether or not many people are moving to or from Bloomington by looking at the change in population. The US Census tells us that the metro area population of Bloomington grew from 83,036 in 2010 to 86,314 in 2014, which is a rate of 3.95% growth over four years.Self Storage and Real Estate in Bloomington, MN
Housing occupancy and vacancy rates in Bloomington can help us get a better idea of how much demand there is for living and storage space in Bloomington and thus the kind of storage prices and availability we should expect to find. Low rates of vacancy in Bloomington housing could indicate that real estate is in short supply. Self storage units in Bloomington may then also be in short supply, which means Bloomington storage unit prices may be higher. The US Census estimates that housing vacancy rates in Bloomington are at 4.6%, while the occupancy rate is at 95.4%. That's a lower vacancy rate than the average for cities in the United States, and suggests that storage facility vacancy in Bloomington may also be lower. Low vacancy allows storage facilities to charge higher rent, so a cheap storage unit could be trickier to find in Bloomington than in other cities.