Finding Self Storage in Orange, TX: Top Tips
Before beginning your self storage search in Orange, there are a few things you should know. Storage unit prices and availability in Orange 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 Orange, we pulled in data from the US Census.Orange, TX Self Storage and Moving
If there are many people moving to or from Orange, prices could be higher than in other cities. That's because self storage if often used as part of a home move. By looking at population changes in Orange, we should be able to get an idea of how many people are moving to or from the city. The Orange metro area grew from 18,638 persons in 2010 to 18,913 persons in 2014 according to the US Census, an increase of 1.48%.The Relationship Between Real Estate and Self Storage in Orange, TX
Vacancy and occupancy rates in the Orange housing market can help us gauge the demand for living space and thus self-storage space in Orange, and may hint at storage availability and pricing. If housing occupancy rates in Orange are high, it's probably safe to assume that storage facility occupancy rates in Orange are also high, which would push unit prices up. Orange is estimated to have a 83% housing occupancy rate, while the vacancy rate is at 17%. The average occupancy rate in US cities is approximately 89%, which is lower than the rate in Orange, suggesting that storage unit inventory might also be tighter in Orange. With fewer units available, storage facilities in Orange may charge higher prices.