Before beginning your self storage search in Mineral Wells, there are a few things you should know. The pricing and availability of storage units in Mineral Wells 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 Mineral Wells to help inform your Mineral Wells self storage search.
Many people use storage as part of their move, so if there are many people moving to Mineral Wells, you might expect storage prices to be higher and unit availability to be lower. We can get a good idea of whether or not many people are moving to or from Mineral Wells by looking at the change in population. The Mineral Wells metro area saw its population decline from 16,782 persons in 2010 to 15,362 persons in 2014 according to the US Census, a decrease of -8.46%.
One way to get an idea of the demand for housing and storage space in Mineral Wells is to look at housing occupancy and vacancy rates. Low rates of vacancy in Mineral Wells housing could indicate that real estate is in short supply. Self storage units in Mineral Wells may then also be in short supply, which means Mineral Wells storage unit prices may be higher. According to US Census estimates, 86.6% of housing units in Mineral Wells are occupied, while the vacancy rate is at 13.4%. That's a lower vacancy rate than the average for cities in the United States, and suggests that storage facility vacancy in Mineral Wells may also be lower. Low vacancy allows storage facilities to charge higher rent, so a cheap storage unit could be trickier to find in Mineral Wells than in other cities.
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