Everything You Need to Know About Finding Self Storage in Medina, OH
Just starting your Medina self storage search? There are a few things you should know. If you're wondering how much you should expect to pay for self storage in Medina, 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 Medina to give you a better idea of these factors.Medina, OH Self Storage and Moving
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 Medina, that could affect storage unit pricing and availability. A city with a high amount of moving activity should see substantial changes in population, so by looking at population data for Medina we can get a better idea of the amount of moving activity. US Census data tells us that the Medina metro area's population shrank from 26,630 in 2010 to 26,523 in 2014, a decline of -0.4%.Real Estate and Self Storage in Medina, OH
One way to get an idea of the demand for housing and storage space in Medina is to look at housing occupancy and vacancy rates. If there's low vacancy rates in Medina housing, there's likely low vacancy at Medina storage facilities. This would allow storage facilities in Medina to charge higher prices for their units. Medina is estimated to have a 93.1% housing occupancy rate, while the vacancy rate is at 6.9%. The average occupancy rate in US cities is 89%, so it's likely the case that storage facilities in Medina also have higher than average occupancy rates. High occupancy rates in Medina will make it more difficult to find a good deal on a storage unit.