Just starting your Frankford self storage search? There are a few things you should know. The pricing and availability of storage units in Frankford 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. In order to give you a better idea of these factors in Frankford, we pulled in data from the US Census.
If there are many people moving to or from Frankford, prices could be higher than in other cities. That's because self storage if often used as part of a home move. Population changes over time are one way of gauging the amount of moving activity in Frankford. The US Census tells us that the metro area population of Frankford grew from 851 in 2010 to 911 in 2014, which is a rate of 7.05% growth over four years.
Housing unit occupancy can give us an idea of what the demand is like for living and storage space in Frankford. If housing occupancy rates in Frankford are high, it's probably safe to assume that storage facility occupancy rates in Frankford are also high, which would push unit prices up. The US Census estimates that housing vacancy rates in Frankford are at 10.3%, while the occupancy rate is at 89.7%. The average occupancy rate in US cities is approximately 89%, which is lower than the rate in Frankford, suggesting that storage unit inventory might also be tighter in Frankford. With fewer units available, storage facilities in Frankford may charge higher prices.
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