Finding Self Storage in Krum, TX: Top Tips
Just starting your Krum self storage search? There are a few things you should know. The pricing and availability of storage units in Krum 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. Using US Census data, we've pieced together a better picture of those factors as they relate to self storage in Krum.Moving and Storage in Krum, TX
If there are many people moving to or from Krum, prices could be higher than in other cities. That's because self storage if often used as part of a home move. By looking at population changes in Krum, we should be able to get an idea of how many people are moving to or from the city. According to the US Census, the Krum metro area's population grew from 4,196 in 2010 to 4,919 in 2014, a growth rate of 17.23%.Real Estate and Self Storage in Krum, TX
Housing unit occupancy can give us an idea of what the demand is like for living and storage space in Krum. High occupancy rates can indicate a lack of housing supply in Krum, which may correlate to a lack of storage unit inventory and thus higher rental rates for self storage in the Krum area. Krum is estimated to have a 90.1% housing occupancy rate, while the vacancy rate is at 9.9%. The average occupancy rate in US cities is approximately 89%, which is lower than the rate in Krum, suggesting that storage unit inventory might also be tighter in Krum. With fewer units available, storage facilities in Krum may charge higher prices.