Everything You Need to Know About Finding Self Storage in Lancaster, TX
Just starting your Lancaster self storage search? There are a few things you should know. The pricing and availability of storage units in Lancaster 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. In order to give you a better idea of these factors in Lancaster, we pulled in data from the US Census.Lancaster, TX Self Storage and Moving
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 Lancaster, that could affect storage unit pricing and availability. A city with a high amount of moving activity should see substantial changes in population, so by looking at population data for Lancaster we can get a better idea of the amount of moving activity. The Lancaster metro area grew from 36,777 persons in 2010 to 38,453 persons in 2014 according to the US Census, an increase of 4.56%.The Relationship Between Real Estate and Self Storage in Lancaster, TX
One way to get an idea of the demand for housing and storage space in Lancaster is to look at housing occupancy and vacancy rates. If housing occupancy rates in Lancaster are high, it's probably safe to assume that storage facility occupancy rates in Lancaster are also high, which would push unit prices up. Lancaster is estimated to have a 91.9% housing occupancy rate, while the vacancy rate is at 8.1%. That's a lower vacancy rate than the average for cities in the United States, and suggests that storage facility vacancy in Lancaster may also be lower. Low vacancy allows storage facilities to charge higher rent, so a cheap storage unit could be trickier to find in Lancaster than in other cities.