Finding Self Storage in Milford, MA: Top Tips
Just starting your Milford self storage search? There are a few things you should know. If you're wondering how much you should expect to pay for self storage in Milford, consider the fact that storage prices are closely related to factors like the real estate climate, the economic prospects of the city, and population growth. In order to give you a better idea of these factors in Milford, we pulled in data from the US Census.Milford, MA Self Storage and Moving
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. According to the US Census, the Milford metro area's population grew from 28,023 in 2010 to 28,439 in 2014, a growth rate of 1.48%.Real Estate and Self Storage in Milford, MA
Housing occupancy and vacancy rates in Milford can help us get a better idea of how much demand there is for living and storage space in Milford and thus the kind of storage prices and availability we should expect to find. 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. According to US Census estimates, 95.1% of housing units in Milford are occupied, while the vacancy rate is at 4.9%. 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.