Finding Self Storage in Minnetonka, MN: Top Tips
Just starting your Minnetonka 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 Minnetonka, 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. We used US Census data on Minnetonka to give you a better idea of these factors.Self Storage and Moving in Minnetonka, MN
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 Minnetonka, that could affect storage unit pricing and availability. We can get a good idea of whether or not many people are moving to or from Minnetonka by looking at the change in population. From 2010 to 2014, the Minnetonka metro area population grew from 49,784 to 51,486, a growth rate of 3.42% according to the US Census.The Real Estate Climate and Self Storage in Minnetonka, MN
Vacancy and occupancy rates in the Minnetonka housing market can help us gauge the demand for living space and thus self-storage space in Minnetonka, and may hint at storage availability and pricing. If housing occupancy rates in Minnetonka are high, it's probably safe to assume that storage facility occupancy rates in Minnetonka are also high, which would push unit prices up. 6% of housing units in Minnetonka are vacant according to the US Census, while 94% are occupied. That's a lower vacancy rate than the average for cities in the United States, and suggests that storage facility vacancy in Minnetonka may also be lower. Low vacancy allows storage facilities to charge higher rent, so a cheap storage unit could be trickier to find in Minnetonka than in other cities.