Tips for Finding Self Storage in Monroe, MI
There are a few things you should know about Monroe self storage before you begin your search. Storage unit prices and availability in Monroe are determined by many different factors, including real estate, population growth, the wealth of the local population, the current economic climate, and more. We used US Census data on Monroe to give you a better idea of these factors.Moving and Storage in Monroe, MI
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 Monroe, prices could be higher and availability lower. We can get a good idea of whether or not many people are moving to or from Monroe by looking at the change in population. From 2010 to 2014, the Monroe metro area population fell from 20,703 to 20,198, a loss of -2.44% according to the US Census.The Real Estate Climate and Self Storage in Monroe, MI
Housing occupancy and vacancy rates in Monroe can help us get a better idea of how much demand there is for living and storage space in Monroe and thus the kind of storage prices and availability we should expect to find. If housing occupancy rates in Monroe are high, it's probably safe to assume that storage facility occupancy rates in Monroe are also high, which would push unit prices up. According to US Census estimates, 90% of housing units in Monroe are occupied, while the vacancy rate is at 10%. The average occupancy rate in US cities is approximately 89%, which is lower than the rate in Monroe, suggesting that storage unit inventory might also be tighter in Monroe. With fewer units available, storage facilities in Monroe may charge higher prices.