Tips for Finding Self Storage in Franklin, IN
Before beginning your self storage search in Franklin, there are a few things you should know. Franklin storage unit prices and availability are closely related to things like real estate prices, the type of housing available in the area, the city's wealth, and whether or not many people are moving to the area. The US Census keeps accurate data relating to all of these factors, so we've used their data on Franklin to help inform your Franklin self storage search.Self Storage and Moving in Franklin, IN
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 Franklin, prices could be higher and availability lower. We can get a good idea of whether or not many people are moving to or from Franklin by looking at the change in population. From 2010 to 2014, the Franklin metro area population grew from 23,738 to 24,356, a growth rate of 2.6% according to the US Census.Real Estate and Self Storage in Franklin, IN
Vacancy and occupancy rates in the Franklin housing market can help us gauge the demand for living space and thus self-storage space in Franklin, and may hint at storage availability and pricing. If there's low vacancy rates in Franklin housing, there's likely low vacancy at Franklin storage facilities. This would allow storage facilities in Franklin to charge higher prices for their units. 10.2% of housing units in Franklin are vacant according to the US Census, while 89.8% are occupied. The average occupancy rate in US cities is approximately 89%, which is lower than the rate in Franklin, suggesting that storage unit inventory might also be tighter in Franklin. With fewer units available, storage facilities in Franklin may charge higher prices.