If you're searching for self storage in Frankfort, there are a few things you should keep in mind. If you're wondering how much you should expect to pay for self storage in Frankfort, 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. In order to give you a better idea of these factors in Frankfort, we pulled in data from the US Census.
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 Frankfort, prices could be higher and availability lower. By looking at population changes in Frankfort, we should be able to get an idea of how many people are moving to or from the city. The US Census tells us that the metro area population of Frankfort declined from 16,427 in 2010 to 16,153 in 2014, a loss of -1.67%.
Vacancy and occupancy rates in the Frankfort housing market can help us gauge the demand for living space and thus self-storage space in Frankfort, and may hint at storage availability and pricing. High occupancy rates can indicate a lack of housing supply in Frankfort, which may correlate to a lack of storage unit inventory and thus higher rental rates for self storage in the Frankfort area. According to US Census estimates, 89.1% of housing units in Frankfort are occupied, while the vacancy rate is at 10.9%. That's a higher rate than average for US cities, suggesting storage unit occupancy in Frankfort may also be higher. That might make it harder to find cheap storage in Frankfort.
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