Before beginning your self storage search in Michigan City, there are a few things you should know. The pricing and availability of storage units in Michigan City will depend on several factors such as the real estate climate, the number of people moving into or throughout the area, housing conditions in the city, and the general wealth and prosperity of the area. In order to give you a better idea of these factors in Michigan City, we pulled in data from the US Census.
Many people use storage as part of their move, so if there are many people moving to Michigan City, you might expect storage prices to be higher and unit availability to be lower. Population changes over time are one way of gauging the amount of moving activity in Michigan City. According to the US Census, the Michigan City metro area's population grew from 31,451 in 2010 to 31,487 in 2014, a growth rate of 0.11%.
One way to get an idea of the demand for housing and storage space in Michigan City is to look at housing occupancy and vacancy rates. If there's low vacancy rates in Michigan City housing, there's likely low vacancy at Michigan City storage facilities. This would allow storage facilities in Michigan City to charge higher prices for their units. The US Census estimates that housing vacancy rates in Michigan City are at 15.9%, while the occupancy rate is at 84.1%. The average occupancy rate in US cities is 89%, so it's likely the case that storage facilities in Michigan City also have higher than average occupancy rates. High occupancy rates in Michigan City will make it more difficult to find a good deal on a storage unit.
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