Finding Self Storage in Medical Lake, WA: Top Tips
If you're searching for self storage in Medical Lake, there are a few things you should keep in mind. Storage unit prices and availability in Medical Lake are determined by many different factors, including real estate, population growth, the wealth of the local population, the current economic climate, and more. Using US Census data, we've pieced together a better picture of those factors as they relate to self storage in Medical Lake.Medical Lake, WA Moving and Storage
Many people use storage as part of their move, so if there are many people moving to Medical Lake, you might expect storage prices to be higher and unit availability to be lower. A city with a high amount of moving activity should see substantial changes in population, so by looking at population data for Medical Lake we can get a better idea of the amount of moving activity. US Census data tells us that the Medical Lake metro area's population shrank from 5,061 in 2010 to 4,952 in 2014, a decline of -2.15%.Self Storage and Real Estate in Medical Lake, WA
Housing occupancy and vacancy rates in Medical Lake can help us get a better idea of how much demand there is for living and storage space in Medical Lake and thus the kind of storage prices and availability we should expect to find. Low rates of vacancy in Medical Lake housing could indicate that real estate is in short supply. Self storage units in Medical Lake may then also be in short supply, which means Medical Lake storage unit prices may be higher. The US Census estimates that housing vacancy rates in Medical Lake are at 7%, while the occupancy rate is at 93%. The average occupancy rate in US cities is approximately 89%, which is lower than the rate in Medical Lake, suggesting that storage unit inventory might also be tighter in Medical Lake. With fewer units available, storage facilities in Medical Lake may charge higher prices.