Everything You Need to Know About Finding Self Storage in Romulus, MI
Just starting your Romulus 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 Romulus, 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 Romulus.Moving and Storage in Romulus, MI
Many people use storage as part of their move, so if there are many people moving to Romulus, you might expect storage prices to be higher and unit availability to be lower. By looking at population changes in Romulus, we should be able to get an idea of how many people are moving to or from the city. From 2010 to 2014, the Romulus metro area population fell from 23,940 to 23,496, a loss of -1.85% according to the US Census.Real Estate and Self Storage in Romulus, MI
Vacancy and occupancy rates in the Romulus housing market can help us gauge the demand for living space and thus self-storage space in Romulus, and may hint at storage availability and pricing. Low rates of vacancy in Romulus housing could indicate that real estate is in short supply. Self storage units in Romulus may then also be in short supply, which means Romulus storage unit prices may be higher. According to US Census estimates, 90.2% of housing units in Romulus are occupied, while the vacancy rate is at 9.8%. That's a higher rate than average for US cities, suggesting storage unit occupancy in Romulus may also be higher. That might make it harder to find cheap storage in Romulus.