Just starting your Taylor 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 Taylor, 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. In order to give you a better idea of these factors in Taylor, we pulled in data from the US Census.
One of the primary uses of self storage is as a safe place to keep your things between moving homes. If many people are moving to or from Taylor, prices could be higher and availability lower. By looking at population changes in Taylor, we should be able to get an idea of how many people are moving to or from the city. The Taylor metro area grew from 15,385 persons in 2010 to 16,483 persons in 2014 according to the US Census, an increase of 7.14%.
Housing unit occupancy can give us an idea of what the demand is like for living and storage space in Taylor. High occupancy rates can indicate a lack of housing supply in Taylor, which may correlate to a lack of storage unit inventory and thus higher rental rates for self storage in the Taylor area. The US Census estimates that housing vacancy rates in Taylor are at 11.4%, while the occupancy rate is at 88.6%. That's a lower vacancy rate than the average for cities in the United States, and suggests that storage facility vacancy in Taylor may also be lower. Low vacancy allows storage facilities to charge higher rent, so a cheap storage unit could be trickier to find in Taylor than in other cities.
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