If you're searching for self storage in Medina, there are a few things you should keep in mind. Medina 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 Medina, we pulled in data from the US Census.
If there are many people moving to or from Medina, 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 Medina we can get a better idea of the amount of moving activity. From 2010 to 2014, the Medina metro area population grew from 3,598 to 4,058, a growth rate of 12.78% according to the US Census.
Housing unit occupancy can give us an idea of what the demand is like for living and storage space in Medina. High occupancy rates can indicate a lack of housing supply in Medina, which may correlate to a lack of storage unit inventory and thus higher rental rates for self storage in the Medina area. 7.4% of housing units in Medina are vacant according to the US Census, while 92.6% are occupied. That's a lower vacancy rate than the average for cities in the United States, and suggests that storage facility vacancy in Medina may also be lower. Low vacancy allows storage facilities to charge higher rent, so a cheap storage unit could be trickier to find in Medina than in other cities.
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