Tips for Finding Self Storage in Troy, OH
If you're searching for self storage in Troy, there are a few things you should keep in mind. Storage unit prices and availability in Troy are determined by many different factors, including real estate, population growth, the wealth of the local population, the current economic climate, and more. Using US Census data, we've pieced together a better picture of those factors as they relate to self storage in Troy.Self Storage and Moving in Troy, OH
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 Troy, that could affect storage unit pricing and availability. By looking at population changes in Troy, we should be able to get an idea of how many people are moving to or from the city. The Troy metro area grew from 25,225 persons in 2010 to 25,564 persons in 2014 according to the US Census, an increase of 1.34%.The Relationship Between Real Estate and Self Storage in Troy, OH
Housing occupancy and vacancy rates in Troy can help us get a better idea of how much demand there is for living and storage space in Troy and thus the kind of storage prices and availability we should expect to find. High occupancy rates can indicate a lack of housing supply in Troy, which may correlate to a lack of storage unit inventory and thus higher rental rates for self storage in the Troy area. 7.3% of housing units in Troy are vacant according to the US Census, while 92.7% are occupied. That's a lower vacancy rate than the average for cities in the United States, and suggests that storage facility vacancy in Troy may also be lower. Low vacancy allows storage facilities to charge higher rent, so a cheap storage unit could be trickier to find in Troy than in other cities.