Tips for Finding Self Storage in Midland, TX
There are a few things you should know about Midland self storage before you begin your search. Storage unit prices and availability in Midland 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 Midland.Midland, TX Self Storage and Moving
If there are many people moving to or from Midland, prices could be higher than in other cities. That's because self storage if often used as part of a home move. By looking at population changes in Midland, we should be able to get an idea of how many people are moving to or from the city. The US Census tells us that the metro area population of Midland grew from 111,239 in 2010 to 128,037 in 2014, which is a rate of 15.1% growth over four years.Real Estate and Self Storage in Midland, TX
One way to get an idea of the demand for housing and storage space in Midland is to look at housing occupancy and vacancy rates. High occupancy rates can indicate a lack of housing supply in Midland, which may correlate to a lack of storage unit inventory and thus higher rental rates for self storage in the Midland area. According to US Census estimates, 93.7% of housing units in Midland are occupied, while the vacancy rate is at 6.3%. That's a higher rate than average for US cities, suggesting storage unit occupancy in Midland may also be higher. That might make it harder to find cheap storage in Midland.