Finding Self Storage in Independence, MO: Top Tips
Before beginning your self storage search in Independence, there are a few things you should know. The pricing and availability of storage units in Independence 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 Independence to help inform your Independence self storage search.Moving and Storage in Independence, MO
If there are many people moving to or from Independence, prices could be higher than in other cities. That's because self storage if often used as part of a home move. A city with a high amount of moving activity should see substantial changes in population, so by looking at population data for Independence we can get a better idea of the amount of moving activity. The US Census tells us that the metro area population of Independence grew from 116,916 in 2010 to 117,494 in 2014, which is a rate of 0.49% growth over four years.The Relationship Between Real Estate and Self Storage in Independence, MO
Housing unit occupancy can give us an idea of what the demand is like for living and storage space in Independence. If there's low vacancy rates in Independence housing, there's likely low vacancy at Independence storage facilities. This would allow storage facilities in Independence to charge higher prices for their units. Independence is estimated to have a 90.5% housing occupancy rate, while the vacancy rate is at 9.5%. The average occupancy rate in US cities is approximately 89%, which is lower than the rate in Independence, suggesting that storage unit inventory might also be tighter in Independence. With fewer units available, storage facilities in Independence may charge higher prices.