Tips for Finding Self Storage in Richland Hills, TX
Just starting your Richland Hills self storage search? There are a few things you should know. If you're wondering how much you should expect to pay for self storage in Richland Hills, 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 Richland Hills.Richland Hills, TX Moving and Storage
Many people use storage as part of their move, so if there are many people moving to Richland Hills, 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 Richland Hills. The Richland Hills metro area grew from 7,802 persons in 2010 to 8,041 persons in 2014 according to the US Census, an increase of 3.06%.The Relationship Between Real Estate and Self Storage in Richland Hills, TX
One way to get an idea of the demand for housing and storage space in Richland Hills is to look at housing occupancy and vacancy rates. High occupancy rates can indicate a lack of housing supply in Richland Hills, which may correlate to a lack of storage unit inventory and thus higher rental rates for self storage in the Richland Hills area. Richland Hills is estimated to have a 90% housing occupancy rate, while the vacancy rate is at 10%. That's a lower vacancy rate than the average for cities in the United States, and suggests that storage facility vacancy in Richland Hills may also be lower. Low vacancy allows storage facilities to charge higher rent, so a cheap storage unit could be trickier to find in Richland Hills than in other cities.