Finding Self Storage in Montgomery, TX: Everything You Need To Know
There are a few things you should know about Montgomery self storage before you begin your search. Storage unit prices and availability in Montgomery are determined by many different factors, including real estate, population growth, the wealth of the local population, the current economic climate, and more. Using US Census data, we've pieced together a better picture of those factors as they relate to self storage in Montgomery.Self Storage and Moving in Montgomery, TX
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 Montgomery, that could affect storage unit pricing and availability. 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. From 2010 to 2014, the Montgomery metro area population grew from 626 to 710, a growth rate of 13.42% according to the US Census.The Relationship Between Real Estate and Self Storage in Montgomery, TX
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. High occupancy rates can indicate a lack of housing supply in Montgomery, which may correlate to a lack of storage unit inventory and thus higher rental rates for self storage in the Montgomery area. According to US Census estimates, 81.7% of housing units in Montgomery are occupied, while the vacancy rate is at 18.3%. That's a higher rate than average for US cities, suggesting storage unit occupancy in Montgomery may also be higher. That might make it harder to find cheap storage in Montgomery.