Finding Self Storage in Livonia, MI: Top Tips
If you're searching for self storage in Livonia, there are a few things you should keep in mind. Storage unit prices and availability in Livonia 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 Livonia.Self Storage and Moving in Livonia, MI
Many people use storage as part of their move, so if there are many people moving to Livonia, you might expect storage prices to be higher and unit availability to be lower. We can get a good idea of whether or not many people are moving to or from Livonia by looking at the change in population. From 2010 to 2014, the Livonia metro area population fell from 96,726 to 94,958, a loss of -1.83% according to the US Census.Real Estate and Self Storage in Livonia, MI
One way to get an idea of the demand for housing and storage space in Livonia is to look at housing occupancy and vacancy rates. High occupancy rates can indicate a lack of housing supply in Livonia, which may correlate to a lack of storage unit inventory and thus higher rental rates for self storage in the Livonia area. According to US Census estimates, 95.8% of housing units in Livonia are occupied, while the vacancy rate is at 4.2%. That's a lower vacancy rate than the average for cities in the United States, and suggests that storage facility vacancy in Livonia may also be lower. Low vacancy allows storage facilities to charge higher rent, so a cheap storage unit could be trickier to find in Livonia than in other cities.