Finding Self Storage in Midvale, UT: Top Tips
Before beginning your self storage search in Midvale, there are a few things you should know. Midvale 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. We used US Census data on Midvale to give you a better idea of these factors.Midvale, UT Moving and Storage
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 Midvale, 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 Midvale we can get a better idea of the amount of moving activity. From 2010 to 2014, the Midvale metro area population grew from 28,302 to 31,725, a growth rate of 12.09% according to the US Census.The Relationship Between Real Estate and Self Storage in Midvale, UT
Vacancy and occupancy rates in the Midvale housing market can help us gauge the demand for living space and thus self-storage space in Midvale, and may hint at storage availability and pricing. Low rates of vacancy in Midvale housing could indicate that real estate is in short supply. Self storage units in Midvale may then also be in short supply, which means Midvale storage unit prices may be higher. Midvale is estimated to have a 92.8% housing occupancy rate, while the vacancy rate is at 7.2%. The average occupancy rate in US cities is approximately 89%, which is lower than the rate in Midvale, suggesting that storage unit inventory might also be tighter in Midvale. With fewer units available, storage facilities in Midvale may charge higher prices.