Finding Self Storage in Ferndale, WA: Top Tips
There are a few things you should know about Ferndale self storage before you begin your search. Storage unit prices and availability in Ferndale 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 Ferndale.Moving and Storage in Ferndale, WA
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. By looking at population changes in Ferndale, we should be able to get an idea of how many people are moving to or from the city. According to the US Census, the Ferndale metro area's population grew from 11,484 in 2010 to 12,704 in 2014, a growth rate of 10.62%.The Relationship Between Real Estate and Self Storage in Ferndale, WA
Housing unit occupancy can give us an idea of what the demand is like for living and storage space in Ferndale. 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. According to US Census estimates, 95.1% of housing units in Ferndale are occupied, while the vacancy rate is at 4.9%. The average occupancy rate in US cities is approximately 89%, which is lower than the rate in Ferndale, suggesting that storage unit inventory might also be tighter in Ferndale. With fewer units available, storage facilities in Ferndale may charge higher prices.