Everything You Need to Know About Finding Self Storage in Lexington, TX
Before beginning your self storage search in Lexington, there are a few things you should know. Storage unit prices and availability in Lexington are determined by many different factors, including real estate, population growth, the wealth of the local population, the current economic climate, and more. The US Census keeps accurate data relating to all of these factors, so we've used their data on Lexington to help inform your Lexington self storage search.Self Storage and Moving in Lexington, TX
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 Lexington, 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 Lexington we can get a better idea of the amount of moving activity. The US Census tells us that the metro area population of Lexington declined from 1,173 in 2010 to 1,169 in 2014, a loss of -0.34%.The Real Estate Climate and Self Storage in Lexington, TX
Vacancy and occupancy rates in the Lexington housing market can help us gauge the demand for living space and thus self-storage space in Lexington, and may hint at storage availability and pricing. If there's low vacancy rates in Lexington housing, there's likely low vacancy at Lexington storage facilities. This would allow storage facilities in Lexington to charge higher prices for their units. The US Census estimates that housing vacancy rates in Lexington are at 14.2%, while the occupancy rate is at 85.8%. That's a lower vacancy rate than the average for cities in the United States, and suggests that storage facility vacancy in Lexington may also be lower. Low vacancy allows storage facilities to charge higher rent, so a cheap storage unit could be trickier to find in Lexington than in other cities.