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Tips for Finding Self Storage in Milford, OH

Just starting your Milford self storage search? There are a few things you should know. Storage unit prices and availability in Milford are determined by many different factors, including real estate, population growth, the wealth of the local population, the current economic climate, and more. In order to give you a better idea of these factors in Milford, we pulled in data from the US Census.

Self Storage and Moving in Milford, OH

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 Milford, that could affect storage unit pricing and availability. By looking at population changes in Milford, we should be able to get an idea of how many people are moving to or from the city. From 2010 to 2014, the Milford metro area population grew from 6,708 to 6,892, a growth rate of 2.74% according to the US Census.

Self Storage and Real Estate in Milford, OH

Housing unit occupancy can give us an idea of what the demand is like for living and storage space in Milford. High occupancy rates can indicate a lack of housing supply in Milford, which may correlate to a lack of storage unit inventory and thus higher rental rates for self storage in the Milford area. The US Census estimates that housing vacancy rates in Milford are at 8.3%, while the occupancy rate is at 91.7%. That's a lower vacancy rate than the average for cities in the United States, and suggests that storage facility vacancy in Milford may also be lower. Low vacancy allows storage facilities to charge higher rent, so a cheap storage unit could be trickier to find in Milford than in other cities.