Finding Self Storage in Louisville, TN: Top Tips
Before beginning your self storage search in Louisville, there are a few things you should know. Storage unit prices and availability in Louisville are determined by many different factors, including real estate, population growth, the wealth of the local population, the current economic climate, and more. In order to give you a better idea of these factors in Louisville, we pulled in data from the US Census.Louisville, TN Self Storage and Moving
Many people use storage as part of their move, so if there are many people moving to Louisville, you might expect storage prices to be higher and unit availability to be lower. Population changes over time are one way of gauging the amount of moving activity in Louisville. From 2010 to 2014, the Louisville metro area population grew from 2,440 to 2,470, a growth rate of 1.23% according to the US Census.Self Storage and Real Estate in Louisville, TN
One way to get an idea of the demand for housing and storage space in Louisville is to look at housing occupancy and vacancy rates. If housing occupancy rates in Louisville are high, it's probably safe to assume that storage facility occupancy rates in Louisville are also high, which would push unit prices up. 11.3% of housing units in Louisville are vacant according to the US Census, while 88.7% are occupied. The average occupancy rate in US cities is approximately 89%, which is lower than the rate in Louisville, suggesting that storage unit inventory might also be tighter in Louisville. With fewer units available, storage facilities in Louisville may charge higher prices.