Finding Self Storage in Wayne, MI: Top Tips
Just starting your Wayne self storage search? There are a few things you should know. Storage unit prices and availability in Wayne are determined by many different factors, including real estate, population growth, the wealth of the local population, the current economic climate, and more. We used US Census data on Wayne to give you a better idea of these factors.Self Storage and Moving in Wayne, MI
If there are many people moving to or from Wayne, prices could be higher than in other cities. That's because self storage if often used as part of a home move. Population changes over time are one way of gauging the amount of moving activity in Wayne. The Wayne metro area saw its population decline from 17,553 persons in 2010 to 17,091 persons in 2014 according to the US Census, a decrease of -2.63%.The Relationship Between Real Estate and Self Storage in Wayne, MI
One way to get an idea of the demand for housing and storage space in Wayne is to look at housing occupancy and vacancy rates. If housing occupancy rates in Wayne are high, it's probably safe to assume that storage facility occupancy rates in Wayne are also high, which would push unit prices up. According to US Census estimates, 90.2% of housing units in Wayne are occupied, while the vacancy rate is at 9.8%. The average occupancy rate in US cities is 89%, so it's likely the case that storage facilities in Wayne also have higher than average occupancy rates. High occupancy rates in Wayne will make it more difficult to find a good deal on a storage unit.