Finding Self Storage in Montgomery, AL: Top Tips
Just starting your Montgomery 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 Montgomery, 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. Using US Census data, we've pieced together a better picture of those factors as they relate to self storage in Montgomery.Montgomery, AL Moving and Storage
Many people use storage as part of their move, so if there are many people moving to Montgomery, you might expect storage prices to be higher and unit availability to be lower. A city with a high amount of moving activity should see substantial changes in population, so by looking at population data for Montgomery we can get a better idea of the amount of moving activity. US Census data tells us that the Montgomery metro area's population shrank from 205,972 in 2010 to 200,481 in 2014, a decline of -2.67%.The Real Estate Climate and Self Storage in Montgomery, AL
One way to get an idea of the demand for housing and storage space in Montgomery is to look at housing occupancy and vacancy rates. If housing occupancy rates in Montgomery are high, it's probably safe to assume that storage facility occupancy rates in Montgomery are also high, which would push unit prices up. 11.5% of housing units in Montgomery are vacant according to the US Census, while 88.5% are occupied. That's a lower vacancy rate than the average for cities in the United States, and suggests that storage facility vacancy in Montgomery may also be lower. Low vacancy allows storage facilities to charge higher rent, so a cheap storage unit could be trickier to find in Montgomery than in other cities.