Finding Self Storage in Caledonia, MI: Everything You Need To Know
Before beginning your self storage search in Caledonia, there are a few things you should know. Storage unit prices and availability in Caledonia are determined by many different factors, including real estate, population growth, the wealth of the local population, the current economic climate, and more. Using US Census data, we've pieced together a better picture of those factors as they relate to self storage in Caledonia.Caledonia, MI Self Storage and Moving
Self storage is commonly used as a secure place to store one's belongings when moving into a new home. If there's a high amount of moving activity in Caledonia, that could affect storage unit pricing and availability. Population changes over time are one way of gauging the amount of moving activity in Caledonia. The US Census tells us that the metro area population of Caledonia grew from 1,511 in 2010 to 1,572 in 2014, which is a rate of 4.04% growth over four years.Self Storage and Real Estate in Caledonia, MI
Vacancy and occupancy rates in the Caledonia housing market can help us gauge the demand for living space and thus self-storage space in Caledonia, and may hint at storage availability and pricing. High occupancy rates can indicate a lack of housing supply in Caledonia, which may correlate to a lack of storage unit inventory and thus higher rental rates for self storage in the Caledonia area. According to US Census estimates, 96.4% of housing units in Caledonia are occupied, while the vacancy rate is at 3.6%. The average occupancy rate in US cities is approximately 89%, which is lower than the rate in Caledonia, suggesting that storage unit inventory might also be tighter in Caledonia. With fewer units available, storage facilities in Caledonia may charge higher prices.