There are a few things you should know about Horn Lake self storage before you begin your search. If you're wondering how much you should expect to pay for self storage in Horn Lake, consider the fact that storage prices are closely related to factors like the real estate climate, the economic prospects of the city, and population growth. Using US Census data, we've pieced together a better picture of those factors as they relate to self storage in Horn Lake.
Many people use storage as part of their move, so if there are many people moving to Horn Lake, 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 Horn Lake by looking at the change in population. From 2010 to 2014, the Horn Lake metro area population grew from 26,121 to 26,766, a growth rate of 2.47% according to the US Census.
One way to get an idea of the demand for housing and storage space in Horn Lake is to look at housing occupancy and vacancy rates. If there's low vacancy rates in Horn Lake housing, there's likely low vacancy at Horn Lake storage facilities. This would allow storage facilities in Horn Lake to charge higher prices for their units. Horn Lake is estimated to have a 93.3% housing occupancy rate, while the vacancy rate is at 6.7%. The average occupancy rate in US cities is approximately 89%, which is lower than the rate in Horn Lake, suggesting that storage unit inventory might also be tighter in Horn Lake. With fewer units available, storage facilities in Horn Lake may charge higher prices.
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