Everything You Need to Know About Finding Self Storage in Hoover, AL
There are a few things you should know about Hoover self storage before you begin your search. The pricing and availability of storage units in Hoover 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. We used US Census data on Hoover to give you a better idea of these factors.Hoover, AL Moving and Storage
If there are many people moving to or from Hoover, prices could be higher than in other cities. That's because self storage if often used as part of a home move. Population changes over time are one way of gauging the amount of moving activity in Hoover. According to the US Census, the Hoover metro area's population grew from 81,191 in 2010 to 84,353 in 2014, a growth rate of 3.89%.Real Estate and Self Storage in Hoover, AL
Vacancy and occupancy rates in the Hoover housing market can help us gauge the demand for living space and thus self-storage space in Hoover, and may hint at storage availability and pricing. High occupancy rates can indicate a lack of housing supply in Hoover, which may correlate to a lack of storage unit inventory and thus higher rental rates for self storage in the Hoover area. 8.4% of housing units in Hoover are vacant according to the US Census, while 91.6% are occupied. The average occupancy rate in US cities is approximately 89%, which is lower than the rate in Hoover, suggesting that storage unit inventory might also be tighter in Hoover. With fewer units available, storage facilities in Hoover may charge higher prices.