Everything You Need to Know About Finding Self Storage in Madison Heights, MI
Just starting your Madison Heights self storage search? There are a few things you should know. Storage unit prices and availability in Madison Heights are determined by many different factors, including real estate, population growth, the wealth of the local population, the current economic climate, and more. We used US Census data on Madison Heights to give you a better idea of these factors.Madison Heights, MI Moving and Storage
If there are many people moving to or from Madison Heights, prices could be higher than in other cities. That's because self storage if often used as part of a home move. A city with a high amount of moving activity should see substantial changes in population, so by looking at population data for Madison Heights we can get a better idea of the amount of moving activity. According to the US Census, the Madison Heights metro area's population grew from 29,705 in 2010 to 30,267 in 2014, a growth rate of 1.89%.The Real Estate Climate and Self Storage in Madison Heights, MI
Housing occupancy and vacancy rates in Madison Heights can help us get a better idea of how much demand there is for living and storage space in Madison Heights and thus the kind of storage prices and availability we should expect to find. High occupancy rates can indicate a lack of housing supply in Madison Heights, which may correlate to a lack of storage unit inventory and thus higher rental rates for self storage in the Madison Heights area. The US Census estimates that housing vacancy rates in Madison Heights are at 7.1%, while the occupancy rate is at 92.9%. The average occupancy rate in US cities is approximately 89%, which is lower than the rate in Madison Heights, suggesting that storage unit inventory might also be tighter in Madison Heights. With fewer units available, storage facilities in Madison Heights may charge higher prices.