Finding Self Storage in Eden Prairie, MN: Top Tips
There are a few things you should know about Eden Prairie self storage before you begin your search. If you're wondering how much you should expect to pay for self storage in Eden Prairie, 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 Eden Prairie to give you a better idea of these factors.Moving and Storage in Eden Prairie, MN
Many people use storage as part of their move, so if there are many people moving to Eden Prairie, 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 Eden Prairie by looking at the change in population. From 2010 to 2014, the Eden Prairie metro area population grew from 60,856 to 63,228, a growth rate of 3.9% according to the US Census.The Relationship Between Real Estate and Self Storage in Eden Prairie, MN
Vacancy and occupancy rates in the Eden Prairie housing market can help us gauge the demand for living space and thus self-storage space in Eden Prairie, and may hint at storage availability and pricing. High occupancy rates can indicate a lack of housing supply in Eden Prairie, which may correlate to a lack of storage unit inventory and thus higher rental rates for self storage in the Eden Prairie area. 4.6% of housing units in Eden Prairie are vacant according to the US Census, while 95.4% are occupied. The average occupancy rate in US cities is approximately 89%, which is lower than the rate in Eden Prairie, suggesting that storage unit inventory might also be tighter in Eden Prairie. With fewer units available, storage facilities in Eden Prairie may charge higher prices.