Everything You Need to Know About Finding Self Storage in Powell, OH
Before beginning your self storage search in Powell, there are a few things you should know. Storage unit prices and availability in Powell 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 Powell to help inform your Powell self storage search.Moving and Storage in Powell, OH
Many people use storage as part of their move, so if there are many people moving to Powell, you might expect storage prices to be higher and unit availability to be lower. Population changes over time are one way of gauging the amount of moving activity in Powell. The Powell metro area grew from 11,567 persons in 2010 to 12,511 persons in 2014 according to the US Census, an increase of 8.16%.Real Estate and Self Storage in Powell, OH
Vacancy and occupancy rates in the Powell housing market can help us gauge the demand for living space and thus self-storage space in Powell, and may hint at storage availability and pricing. High occupancy rates can indicate a lack of housing supply in Powell, which may correlate to a lack of storage unit inventory and thus higher rental rates for self storage in the Powell area. Powell is estimated to have a 95.5% housing occupancy rate, while the vacancy rate is at 4.5%. That's a lower vacancy rate than the average for cities in the United States, and suggests that storage facility vacancy in Powell may also be lower. Low vacancy allows storage facilities to charge higher rent, so a cheap storage unit could be trickier to find in Powell than in other cities.