Everything You Need to Know About Finding Self Storage in Mulberry, FL
Just starting your Mulberry self storage search? There are a few things you should know. Storage unit prices and availability in Mulberry 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 Mulberry.Self Storage and Moving in Mulberry, FL
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 Mulberry, 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 Mulberry we can get a better idea of the amount of moving activity. According to the US Census, the Mulberry metro area's population grew from 3,823 in 2010 to 3,921 in 2014, a growth rate of 2.56%.The Real Estate Climate and Self Storage in Mulberry, FL
Housing occupancy and vacancy rates in Mulberry can help us get a better idea of how much demand there is for living and storage space in Mulberry 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 Mulberry, which may correlate to a lack of storage unit inventory and thus higher rental rates for self storage in the Mulberry area. According to US Census estimates, 82% of housing units in Mulberry are occupied, while the vacancy rate is at 18%. The average occupancy rate in US cities is 89%, so it's likely the case that storage facilities in Mulberry also have higher than average occupancy rates. High occupancy rates in Mulberry will make it more difficult to find a good deal on a storage unit.