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Just starting your Folsom self storage search? There are a few things you should know. Storage unit prices and availability in Folsom are determined by many different factors, including real estate, population growth, the wealth of the local population, the current economic climate, and more. We used US Census data on Folsom to give you a better idea of these factors.
If there are many people moving to or from Folsom, prices could be higher than in other cities. That's because self storage if often used as part of a home move. By looking at population changes in Folsom, we should be able to get an idea of how many people are moving to or from the city. From 2010 to 2014, the Folsom metro area population grew from 718 to 755, a growth rate of 5.15% according to the US Census.
Housing unit occupancy can give us an idea of what the demand is like for living and storage space in Folsom. If there's low vacancy rates in Folsom housing, there's likely low vacancy at Folsom storage facilities. This would allow storage facilities in Folsom to charge higher prices for their units. The US Census estimates that housing vacancy rates in Folsom are at 9.1%, while the occupancy rate is at 90.9%. That's a higher rate than average for US cities, suggesting storage unit occupancy in Folsom may also be higher. That might make it harder to find cheap storage in Folsom.
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