Finding Self Storage in Franklin, TN: Everything You Need To Know
Just starting your Franklin self storage search? 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. In order to give you a better idea of these factors in Franklin, we pulled in data from the US Census.Self Storage and Moving in Franklin, TN
Self storage is commonly used as a secure place to store one's belongings when moving into a new home. If there's a high amount of moving activity in Franklin, that could affect storage unit pricing and availability. By looking at population changes in Franklin, 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 Franklin grew from 62,861 in 2010 to 70,612 in 2014, which is a rate of 12.33% growth over four years.The Real Estate Climate and Self Storage in Franklin, TN
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 6%, while the occupancy rate is at 94%. That's a lower vacancy rate than the average for cities in the United States, and suggests that storage facility vacancy in Franklin may also be lower. Low vacancy allows storage facilities to charge higher rent, so a cheap storage unit could be trickier to find in Franklin than in other cities.