Tips for Finding Self Storage in Murphy, TX
There are a few things you should know about Murphy self storage before you begin your search. Storage unit prices and availability in Murphy are determined by many different factors, including real estate, population growth, the wealth of the local population, the current economic climate, and more. The US Census keeps accurate data relating to all of these factors, so we've used their data on Murphy to help inform your Murphy self storage search.Moving and Storage in Murphy, 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 Murphy, that could affect storage unit pricing and availability. Population changes over time are one way of gauging the amount of moving activity in Murphy. The US Census tells us that the metro area population of Murphy grew from 18,007 in 2010 to 20,230 in 2014, which is a rate of 12.35% growth over four years.The Relationship Between Real Estate and Self Storage in Murphy, TX
One way to get an idea of the demand for housing and storage space in Murphy is to look at housing occupancy and vacancy rates. If there's low vacancy rates in Murphy housing, there's likely low vacancy at Murphy storage facilities. This would allow storage facilities in Murphy to charge higher prices for their units. According to US Census estimates, 97.6% of housing units in Murphy are occupied, while the vacancy rate is at 2.4%. The average occupancy rate in US cities is approximately 89%, which is lower than the rate in Murphy, suggesting that storage unit inventory might also be tighter in Murphy. With fewer units available, storage facilities in Murphy may charge higher prices.