Finding Self Storage in Lake Orion, MI: Everything You Need To Know
Before beginning your self storage search in Lake Orion, there are a few things you should know. Storage unit prices and availability in Lake Orion are determined by many different factors, including real estate, population growth, the wealth of the local population, the current economic climate, and more. Using US Census data, we've pieced together a better picture of those factors as they relate to self storage in Lake Orion.Lake Orion, MI Moving and Storage
Self storage is commonly used as a secure place to store one's belongings when moving into a new home. If there's a high amount of moving activity in Lake Orion, that could affect storage unit pricing and availability. We can get a good idea of whether or not many people are moving to or from Lake Orion by looking at the change in population. The US Census tells us that the metro area population of Lake Orion grew from 2,983 in 2010 to 3,053 in 2014, which is a rate of 2.35% growth over four years.The Real Estate Climate and Self Storage in Lake Orion, MI
Vacancy and occupancy rates in the Lake Orion housing market can help us gauge the demand for living space and thus self-storage space in Lake Orion, and may hint at storage availability and pricing. Low rates of vacancy in Lake Orion housing could indicate that real estate is in short supply. Self storage units in Lake Orion may then also be in short supply, which means Lake Orion storage unit prices may be higher. According to US Census estimates, 87.9% of housing units in Lake Orion are occupied, while the vacancy rate is at 12.1%. That's a higher rate than average for US cities, suggesting storage unit occupancy in Lake Orion may also be higher. That might make it harder to find cheap storage in Lake Orion.