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Tips for Finding Self Storage in Radford, VA

Just starting your Radford self storage search? There are a few things you should know. The pricing and availability of storage units in Radford will depend on several factors such as the real estate climate, the number of people moving into or throughout the area, housing conditions in the city, and the general wealth and prosperity of the area. In order to give you a better idea of these factors in Radford, we pulled in data from the US Census.

Moving and Storage in Radford, VA

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 Radford, that could affect storage unit pricing and availability. By looking at population changes in Radford, we should be able to get an idea of how many people are moving to or from the city. The Radford metro area grew from 16,452 persons in 2010 to 17,646 persons in 2014 according to the US Census, an increase of 7.26%.

Real Estate and Self Storage in Radford, VA

Housing occupancy and vacancy rates in Radford can help us get a better idea of how much demand there is for living and storage space in Radford 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 Radford, which may correlate to a lack of storage unit inventory and thus higher rental rates for self storage in the Radford area. Radford is estimated to have a 93.2% housing occupancy rate, while the vacancy rate is at 6.8%. The average occupancy rate in US cities is 89%, so it's likely the case that storage facilities in Radford also have higher than average occupancy rates. High occupancy rates in Radford will make it more difficult to find a good deal on a storage unit.