Tips for Finding Self Storage in Liberty Lake, WA
There are a few things you should know about Liberty Lake self storage before you begin your search. The pricing and availability of storage units in Liberty Lake 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 Liberty Lake, we pulled in data from the US Census.Liberty Lake, WA 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 Liberty Lake, that could affect storage unit pricing and availability. Population changes over time are one way of gauging the amount of moving activity in Liberty Lake. From 2010 to 2014, the Liberty Lake metro area population grew from 7,625 to 8,637, a growth rate of 13.27% according to the US Census.The Real Estate Climate and Self Storage in Liberty Lake, WA
One way to get an idea of the demand for housing and storage space in Liberty Lake is to look at housing occupancy and vacancy rates. High occupancy rates can indicate a lack of housing supply in Liberty Lake, which may correlate to a lack of storage unit inventory and thus higher rental rates for self storage in the Liberty Lake area. The US Census estimates that housing vacancy rates in Liberty Lake are at 13.5%, while the occupancy rate is at 86.5%. The average occupancy rate in US cities is approximately 89%, which is lower than the rate in Liberty Lake, suggesting that storage unit inventory might also be tighter in Liberty Lake. With fewer units available, storage facilities in Liberty Lake may charge higher prices.