There are a few things you should know about Meridian self storage before you begin your search. Storage unit prices and availability in Meridian are determined by many different factors, including real estate, population growth, the wealth of the local population, the current economic climate, and more. In order to give you a better idea of these factors in Meridian, we pulled in data from the US Census.
If there are many people moving to or from Meridian, 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 Meridian we can get a better idea of the amount of moving activity. The US Census tells us that the metro area population of Meridian grew from 75,594 in 2010 to 87,743 in 2014, which is a rate of 16.07% growth over four years.
Housing unit occupancy can give us an idea of what the demand is like for living and storage space in Meridian. Low rates of vacancy in Meridian housing could indicate that real estate is in short supply. Self storage units in Meridian may then also be in short supply, which means Meridian storage unit prices may be higher. According to US Census estimates, 94.9% of housing units in Meridian are occupied, while the vacancy rate is at 5.1%. The average occupancy rate in US cities is 89%, so it's likely the case that storage facilities in Meridian also have higher than average occupancy rates. High occupancy rates in Meridian will make it more difficult to find a good deal on a storage unit.
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