Just starting your Reedley self storage search? There are a few things you should know. Storage unit prices and availability in Reedley are determined by many different factors, including real estate, population growth, the wealth of the local population, the current economic climate, and more. Using US Census data, we've pieced together a better picture of those factors as they relate to self storage in Reedley.
If there are many people moving to or from Reedley, prices could be higher than in other cities. That's because self storage if often used as part of a home move. A city with a high amount of moving activity should see substantial changes in population, so by looking at population data for Reedley we can get a better idea of the amount of moving activity. The US Census tells us that the metro area population of Reedley grew from 24,319 in 2010 to 25,426 in 2014, which is a rate of 4.55% growth over four years.
Housing occupancy and vacancy rates in Reedley can help us get a better idea of how much demand there is for living and storage space in Reedley and thus the kind of storage prices and availability we should expect to find. If housing occupancy rates in Reedley are high, it's probably safe to assume that storage facility occupancy rates in Reedley are also high, which would push unit prices up. 4.3% of housing units in Reedley are vacant according to the US Census, while 95.7% are occupied. The average occupancy rate in US cities is approximately 89%, which is lower than the rate in Reedley, suggesting that storage unit inventory might also be tighter in Reedley. With fewer units available, storage facilities in Reedley may charge higher prices.
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