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Valley Storage - Lorain Road

34425 Lorain Road North Ridgeville, OH 44039 North Ridgeville OH 44039 | 11.30 miles away
26 reviews

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Finding Self Storage in Lorain, OH: Everything You Need To Know

If you're searching for self storage in Lorain, there are a few things you should keep in mind. If you're wondering how much you should expect to pay for self storage in Lorain, consider the fact that storage prices are closely related to factors like the real estate climate, the economic prospects of the city, and population growth. In order to give you a better idea of these factors in Lorain, we pulled in data from the US Census.

Lorain, OH Moving and Storage

If there are many people moving to or from Lorain, prices could be higher than in other cities. That's because self storage if often used as part of a home move. Population changes over time are one way of gauging the amount of moving activity in Lorain. From 2010 to 2014, the Lorain metro area population fell from 64,081 to 63,776, a loss of -0.48% according to the US Census.

The Real Estate Climate and Self Storage in Lorain, OH

Housing occupancy and vacancy rates in Lorain can help us get a better idea of how much demand there is for living and storage space in Lorain and thus the kind of storage prices and availability we should expect to find. If there's low vacancy rates in Lorain housing, there's likely low vacancy at Lorain storage facilities. This would allow storage facilities in Lorain to charge higher prices for their units. 12.4% of housing units in Lorain are vacant according to the US Census, while 87.6% are occupied. That's a higher rate than average for US cities, suggesting storage unit occupancy in Lorain may also be higher. That might make it harder to find cheap storage in Lorain.