Finding Self Storage in West Memphis, AR: Top Tips
If you're searching for self storage in West Memphis, there are a few things you should keep in mind. The pricing and availability of storage units in West Memphis 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. In order to give you a better idea of these factors in West Memphis, we pulled in data from the US Census.Self Storage and Moving in West Memphis, AR
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 West Memphis, prices could be higher and availability lower. Population changes over time are one way of gauging the amount of moving activity in West Memphis. The US Census tells us that the metro area population of West Memphis declined from 26,259 in 2010 to 25,423 in 2014, a loss of -3.18%.The Relationship Between Real Estate and Self Storage in West Memphis, AR
One way to get an idea of the demand for housing and storage space in West Memphis is to look at housing occupancy and vacancy rates. If housing occupancy rates in West Memphis are high, it's probably safe to assume that storage facility occupancy rates in West Memphis are also high, which would push unit prices up. 10.3% of housing units in West Memphis are vacant according to the US Census, while 89.7% are occupied. That's a higher rate than average for US cities, suggesting storage unit occupancy in West Memphis may also be higher. That might make it harder to find cheap storage in West Memphis.