Tips for Finding Self Storage in Federal Way, WA
There are a few things you should know about Federal Way self storage before you begin your search. If you're wondering how much you should expect to pay for self storage in Federal Way, 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 Federal Way to give you a better idea of these factors.Federal Way, WA Self Storage and Moving
Many people use storage as part of their move, so if there are many people moving to Federal Way, 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 Federal Way. According to the US Census, the Federal Way metro area's population grew from 89,534 in 2010 to 93,425 in 2014, a growth rate of 4.35%.Real Estate and Self Storage in Federal Way, WA
Housing unit occupancy can give us an idea of what the demand is like for living and storage space in Federal Way. High occupancy rates can indicate a lack of housing supply in Federal Way, which may correlate to a lack of storage unit inventory and thus higher rental rates for self storage in the Federal Way area. According to US Census estimates, 93.6% of housing units in Federal Way are occupied, while the vacancy rate is at 6.4%. That's a higher rate than average for US cities, suggesting storage unit occupancy in Federal Way may also be higher. That might make it harder to find cheap storage in Federal Way.