Everything You Need to Know About Finding Self Storage in Monroe, WA
Before beginning your self storage search in Monroe, there are a few things you should know. 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. In order to give you a better idea of these factors in Monroe, we pulled in data from the US Census.Moving and Storage in Monroe, WA
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. A city with a high amount of moving activity should see substantial changes in population, so by looking at population data for Monroe we can get a better idea of the amount of moving activity. The US Census tells us that the metro area population of Monroe grew from 17,322 in 2010 to 17,899 in 2014, which is a rate of 3.33% growth over four years.The Real Estate Climate and Self Storage in Monroe, WA
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. High occupancy rates can indicate a lack of housing supply in Monroe, which may correlate to a lack of storage unit inventory and thus higher rental rates for self storage in the Monroe area. The US Census estimates that housing vacancy rates in Monroe are at 5.3%, while the occupancy rate is at 94.7%. That's a lower vacancy rate than the average for cities in the United States, and suggests that storage facility vacancy in Monroe may also be lower. Low vacancy allows storage facilities to charge higher rent, so a cheap storage unit could be trickier to find in Monroe than in other cities.