Finding Self Storage in Farmington Hills, MI: Top Tips
If you're searching for self storage in Farmington Hills, there are a few things you should keep in mind. Farmington Hills 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 Farmington Hills.Moving and Storage in Farmington Hills, MI
If there are many people moving to or from Farmington Hills, prices could be higher than in other cities. That's because self storage if often used as part of a home move. Population changes over time are one way of gauging the amount of moving activity in Farmington Hills. The Farmington Hills metro area grew from 79,750 persons in 2010 to 81,435 persons in 2014 according to the US Census, an increase of 2.11%.The Real Estate Climate and Self Storage in Farmington Hills, MI
Housing occupancy and vacancy rates in Farmington Hills can help us get a better idea of how much demand there is for living and storage space in Farmington Hills and thus the kind of storage prices and availability we should expect to find. If there's low vacancy rates in Farmington Hills housing, there's likely low vacancy at Farmington Hills storage facilities. This would allow storage facilities in Farmington Hills to charge higher prices for their units. The US Census estimates that housing vacancy rates in Farmington Hills are at 7.2%, while the occupancy rate is at 92.8%. That's a higher rate than average for US cities, suggesting storage unit occupancy in Farmington Hills may also be higher. That might make it harder to find cheap storage in Farmington Hills.