Just starting your Milford self storage search? There are a few things you should know. The pricing and availability of storage units in Milford 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. The US Census keeps accurate data relating to all of these factors, so we've used their data on Milford to help inform your Milford self storage search.
One of the primary uses of self storage is as a safe place to keep your things between moving homes. If many people are moving to or from Milford, prices could be higher and availability lower. Population changes over time are one way of gauging the amount of moving activity in Milford. The Milford metro area grew from 9,593 persons in 2010 to 10,179 persons in 2014 according to the US Census, an increase of 6.11%.
Vacancy and occupancy rates in the Milford housing market can help us gauge the demand for living space and thus self-storage space in Milford, and may hint at storage availability and pricing. Low rates of vacancy in Milford housing could indicate that real estate is in short supply. Self storage units in Milford may then also be in short supply, which means Milford storage unit prices may be higher. 9.3% of housing units in Milford are vacant according to the US Census, while 90.7% are occupied. The average occupancy rate in US cities is 89%, so it's likely the case that storage facilities in Milford also have higher than average occupancy rates. High occupancy rates in Milford will make it more difficult to find a good deal on a storage unit.
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