Finding Self Storage in Springfield, MI: Top Tips
If you're searching for self storage in Springfield, there are a few things you should keep in mind. Springfield storage unit prices and availability are closely related to things like real estate prices, the type of housing available in the area, the city's wealth, and whether or not many people are moving to the area. In order to give you a better idea of these factors in Springfield, we pulled in data from the US Census.Self Storage and Moving in Springfield, MI
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 Springfield, that could affect storage unit pricing and availability. A city with a high amount of moving activity should see substantial changes in population, so by looking at population data for Springfield we can get a better idea of the amount of moving activity. From 2010 to 2014, the Springfield metro area population fell from 5,257 to 5,211, a loss of -0.88% according to the US Census.The Relationship Between Real Estate and Self Storage in Springfield, MI
Housing unit occupancy can give us an idea of what the demand is like for living and storage space in Springfield. High occupancy rates can indicate a lack of housing supply in Springfield, which may correlate to a lack of storage unit inventory and thus higher rental rates for self storage in the Springfield area. 12.6% of housing units in Springfield are vacant according to the US Census, while 87.4% are occupied. The average occupancy rate in US cities is approximately 89%, which is lower than the rate in Springfield, suggesting that storage unit inventory might also be tighter in Springfield. With fewer units available, storage facilities in Springfield may charge higher prices.