Tips for Finding Self Storage in Magnolia, TX
Before beginning your self storage search in Magnolia, there are a few things you should know. If you're wondering how much you should expect to pay for self storage in Magnolia, 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. We used US Census data on Magnolia to give you a better idea of these factors.Magnolia, TX Moving and Storage
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 Magnolia, that could affect storage unit pricing and availability. By looking at population changes in Magnolia, we should be able to get an idea of how many people are moving to or from the city. According to the US Census, the Magnolia metro area's population grew from 1,390 in 2010 to 1,654 in 2014, a growth rate of 18.99%.The Relationship Between Real Estate and Self Storage in Magnolia, TX
Housing unit occupancy can give us an idea of what the demand is like for living and storage space in Magnolia. If there's low vacancy rates in Magnolia housing, there's likely low vacancy at Magnolia storage facilities. This would allow storage facilities in Magnolia to charge higher prices for their units. Magnolia is estimated to have a 89.2% housing occupancy rate, while the vacancy rate is at 10.8%. That's a lower vacancy rate than the average for cities in the United States, and suggests that storage facility vacancy in Magnolia may also be lower. Low vacancy allows storage facilities to charge higher rent, so a cheap storage unit could be trickier to find in Magnolia than in other cities.