Everything You Need to Know About Finding Self Storage in Ferndale, MI
Before beginning your self storage search in Ferndale, there are a few things you should know. The pricing and availability of storage units in Ferndale will depend on several factors such as the real estate climate, the number of people moving into or throughout the area, housing conditions in the city, and the general wealth and prosperity of the area. The US Census keeps accurate data relating to all of these factors, so we've used their data on Ferndale to help inform your Ferndale self storage search.Moving and Storage in Ferndale, MI
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 Ferndale, that could affect storage unit pricing and availability. A city with a high amount of moving activity should see substantial changes in population, so by looking at population data for Ferndale we can get a better idea of the amount of moving activity. From 2010 to 2014, the Ferndale metro area population grew from 19,905 to 20,256, a growth rate of 1.76% according to the US Census.Self Storage and Real Estate in Ferndale, MI
Vacancy and occupancy rates in the Ferndale housing market can help us gauge the demand for living space and thus self-storage space in Ferndale, and may hint at storage availability and pricing. High occupancy rates can indicate a lack of housing supply in Ferndale, which may correlate to a lack of storage unit inventory and thus higher rental rates for self storage in the Ferndale area. 8.8% of housing units in Ferndale are vacant according to the US Census, while 91.2% are occupied. That's a higher rate than average for US cities, suggesting storage unit occupancy in Ferndale may also be higher. That might make it harder to find cheap storage in Ferndale.