Everything You Need to Know About Finding Self Storage in Petal, MS
There are a few things you should know about Petal self storage before you begin your search. If you're wondering how much you should expect to pay for self storage in Petal, 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 Petal.Moving and Storage in Petal, MS
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 Petal, 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 Petal we can get a better idea of the amount of moving activity. From 2010 to 2014, the Petal metro area population grew from 10,482 to 10,727, a growth rate of 2.34% according to the US Census.The Real Estate Climate and Self Storage in Petal, MS
Vacancy and occupancy rates in the Petal housing market can help us gauge the demand for living space and thus self-storage space in Petal, and may hint at storage availability and pricing. If there's low vacancy rates in Petal housing, there's likely low vacancy at Petal storage facilities. This would allow storage facilities in Petal to charge higher prices for their units. The US Census estimates that housing vacancy rates in Petal are at 8%, while the occupancy rate is at 92%. The average occupancy rate in US cities is 89%, so it's likely the case that storage facilities in Petal also have higher than average occupancy rates. High occupancy rates in Petal will make it more difficult to find a good deal on a storage unit.