Finding Self Storage in Foley, AL: Top Tips
Just starting your Foley self storage search? There are a few things you should know. If you're wondering how much you should expect to pay for self storage in Foley, 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. Using US Census data, we've pieced together a better picture of those factors as they relate to self storage in Foley.Moving and Storage in Foley, AL
One of the primary uses of self storage is as a safe place to keep your things between moving homes. If many people are moving to or from Foley, prices could be higher and availability lower. We can get a good idea of whether or not many people are moving to or from Foley by looking at the change in population. The Foley metro area grew from 14,734 persons in 2010 to 16,243 persons in 2014 according to the US Census, an increase of 10.24%.The Relationship Between Real Estate and Self Storage in Foley, AL
Vacancy and occupancy rates in the Foley housing market can help us gauge the demand for living space and thus self-storage space in Foley, and may hint at storage availability and pricing. If housing occupancy rates in Foley are high, it's probably safe to assume that storage facility occupancy rates in Foley are also high, which would push unit prices up. The US Census estimates that housing vacancy rates in Foley are at 16.2%, while the occupancy rate is at 83.8%. The average occupancy rate in US cities is approximately 89%, which is lower than the rate in Foley, suggesting that storage unit inventory might also be tighter in Foley. With fewer units available, storage facilities in Foley may charge higher prices.