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Finding Self Storage in Lexington, VA: Top Tips

If you're searching for self storage in Lexington, there are a few things you should keep in mind. Lexington storage unit prices and availability are closely related to things like real estate prices, the type of housing available in the area, the city's wealth, and whether or not many people are moving to the area. In order to give you a better idea of these factors in Lexington, we pulled in data from the US Census.

Lexington, VA Moving and Storage

Many people use storage as part of their move, so if there are many people moving to Lexington, you might expect storage prices to be higher and unit availability to be lower. 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 grew from 7,062 in 2010 to 7,311 in 2014, which is a rate of 3.53% growth over four years.

Real Estate and Self Storage in Lexington, VA

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. Low rates of vacancy in Lexington housing could indicate that real estate is in short supply. Self storage units in Lexington may then also be in short supply, which means Lexington storage unit prices may be higher. Lexington is estimated to have a 87.9% housing occupancy rate, while the vacancy rate is at 12.1%. That's a higher rate than average for US cities, suggesting storage unit occupancy in Lexington may also be higher. That might make it harder to find cheap storage in Lexington.