Everything You Need to Know About Finding Self Storage in Franklin, OH
Just starting your Franklin self storage search? There are a few things you should know. The pricing and availability of storage units in Franklin 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. 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.Franklin, OH Self Storage and Moving
If there are many people moving to or from Franklin, prices could be higher than in other cities. That's because self storage if often used as part of a home move. 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. The US Census tells us that the metro area population of Franklin grew from 11,784 in 2010 to 11,811 in 2014, which is a rate of 0.23% growth over four years.The Real Estate Climate and Self Storage in Franklin, OH
One way to get an idea of the demand for housing and storage space in Franklin is to look at housing occupancy and vacancy rates. 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. The US Census estimates that housing vacancy rates in Franklin are at 7.1%, while the occupancy rate is at 92.9%. 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.