Finding Self Storage in Friendswood, TX: Everything You Need To Know
If you're searching for self storage in Friendswood, there are a few things you should keep in mind. Friendswood 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. Using US Census data, we've pieced together a better picture of those factors as they relate to self storage in Friendswood.Self Storage and Moving in Friendswood, TX
Many people use storage as part of their move, so if there are many people moving to Friendswood, you might expect storage prices to be higher and unit availability to be lower. We can get a good idea of whether or not many people are moving to or from Friendswood by looking at the change in population. According to the US Census, the Friendswood metro area's population grew from 35,930 in 2010 to 38,248 in 2014, a growth rate of 6.45%.The Relationship Between Real Estate and Self Storage in Friendswood, TX
One way to get an idea of the demand for housing and storage space in Friendswood is to look at housing occupancy and vacancy rates. High occupancy rates can indicate a lack of housing supply in Friendswood, which may correlate to a lack of storage unit inventory and thus higher rental rates for self storage in the Friendswood area. Friendswood is estimated to have a 96% housing occupancy rate, while the vacancy rate is at 4%. The average occupancy rate in US cities is approximately 89%, which is lower than the rate in Friendswood, suggesting that storage unit inventory might also be tighter in Friendswood. With fewer units available, storage facilities in Friendswood may charge higher prices.