Finding Self Storage in The Colony, TX: Top Tips
Before beginning your self storage search in The Colony, there are a few things you should know. If you're wondering how much you should expect to pay for self storage in The Colony, 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. The US Census keeps accurate data relating to all of these factors, so we've used their data on The Colony to help inform your The Colony self storage search.Self Storage and Moving in The Colony, TX
Many people use storage as part of their move, so if there are many people moving to The Colony, you might expect storage prices to be higher and unit availability to be lower. We can get a good idea of whether or not many people are moving to or from The Colony by looking at the change in population. The The Colony metro area grew from 36,545 persons in 2010 to 41,352 persons in 2014 according to the US Census, an increase of 13.15%.The Real Estate Climate and Self Storage in The Colony, TX
One way to get an idea of the demand for housing and storage space in The Colony is to look at housing occupancy and vacancy rates. High occupancy rates can indicate a lack of housing supply in The Colony, which may correlate to a lack of storage unit inventory and thus higher rental rates for self storage in the The Colony area. The Colony is estimated to have a 93.7% housing occupancy rate, while the vacancy rate is at 6.3%. That's a higher rate than average for US cities, suggesting storage unit occupancy in The Colony may also be higher. That might make it harder to find cheap storage in The Colony.