Tips for Finding Self Storage in Lubbock, TX
If you're searching for self storage in Lubbock, there are a few things you should keep in mind. Lubbock 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 Lubbock, we pulled in data from the US Census.Moving and Storage in Lubbock, TX
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 Lubbock, that could affect storage unit pricing and availability. Population changes over time are one way of gauging the amount of moving activity in Lubbock. From 2010 to 2014, the Lubbock metro area population grew from 230,581 to 243,839, a growth rate of 5.75% according to the US Census.Self Storage and Real Estate in Lubbock, TX
Housing unit occupancy can give us an idea of what the demand is like for living and storage space in Lubbock. If there's low vacancy rates in Lubbock housing, there's likely low vacancy at Lubbock storage facilities. This would allow storage facilities in Lubbock to charge higher prices for their units. The US Census estimates that housing vacancy rates in Lubbock are at 7.7%, while the occupancy rate is at 92.3%. The average occupancy rate in US cities is approximately 89%, which is lower than the rate in Lubbock, suggesting that storage unit inventory might also be tighter in Lubbock. With fewer units available, storage facilities in Lubbock may charge higher prices.