Finding Self Storage in Modesto, CA: Everything You Need To Know
Just starting your Modesto self storage search? There are a few things you should know. Modesto storage unit prices and availability are closely related to things like real estate prices, the type of housing available in the area, the city's wealth, and whether or not many people are moving to the area. The US Census keeps accurate data relating to all of these factors, so we've used their data on Modesto to help inform your Modesto self storage search.Modesto, CA Moving and Storage
If there are many people moving to or from Modesto, prices could be higher than in other cities. That's because self storage if often used as part of a home move. Population changes over time are one way of gauging the amount of moving activity in Modesto. The Modesto metro area grew from 203,361 persons in 2010 to 209,286 persons in 2014 according to the US Census, an increase of 2.91%.The Real Estate Climate and Self Storage in Modesto, CA
Vacancy and occupancy rates in the Modesto housing market can help us gauge the demand for living space and thus self-storage space in Modesto, and may hint at storage availability and pricing. If housing occupancy rates in Modesto are high, it's probably safe to assume that storage facility occupancy rates in Modesto are also high, which would push unit prices up. According to US Census estimates, 92.1% of housing units in Modesto are occupied, while the vacancy rate is at 7.9%. That's a lower vacancy rate than the average for cities in the United States, and suggests that storage facility vacancy in Modesto may also be lower. Low vacancy allows storage facilities to charge higher rent, so a cheap storage unit could be trickier to find in Modesto than in other cities.