Everything You Need to Know About Finding Self Storage in Walled Lake, MI
Before beginning your self storage search in Walled Lake, there are a few things you should know. The pricing and availability of storage units in Walled Lake will depend on several factors such as the real estate climate, the number of people moving into or throughout the area, housing conditions in the city, and the general wealth and prosperity of the area. The US Census keeps accurate data relating to all of these factors, so we've used their data on Walled Lake to help inform your Walled Lake self storage search.Walled Lake, MI Moving and Storage
If there are many people moving to or from Walled Lake, prices could be higher than in other cities. That's because self storage if often used as part of a home move. By looking at population changes in Walled Lake, we should be able to get an idea of how many people are moving to or from the city. The Walled Lake metro area grew from 7,000 persons in 2010 to 7,129 persons in 2014 according to the US Census, an increase of 1.84%.The Relationship Between Real Estate and Self Storage in Walled Lake, MI
One way to get an idea of the demand for housing and storage space in Walled Lake is to look at housing occupancy and vacancy rates. Low rates of vacancy in Walled Lake housing could indicate that real estate is in short supply. Self storage units in Walled Lake may then also be in short supply, which means Walled Lake storage unit prices may be higher. The US Census estimates that housing vacancy rates in Walled Lake are at 9.3%, while the occupancy rate is at 90.7%. The average occupancy rate in US cities is 89%, so it's likely the case that storage facilities in Walled Lake also have higher than average occupancy rates. High occupancy rates in Walled Lake will make it more difficult to find a good deal on a storage unit.