Everything You Need to Know About Finding Self Storage in Wixom, MI
Just starting your Wixom self storage search? There are a few things you should know. The pricing and availability of storage units in Wixom 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 Wixom, we pulled in data from the US Census.Wixom, MI Self Storage and Moving
If there are many people moving to or from Wixom, prices could be higher than in other cities. That's because self storage if often used as part of a home move. A city with a high amount of moving activity should see substantial changes in population, so by looking at population data for Wixom we can get a better idea of the amount of moving activity. The US Census tells us that the metro area population of Wixom grew from 13,500 in 2010 to 13,744 in 2014, which is a rate of 1.81% growth over four years.The Relationship Between Real Estate and Self Storage in Wixom, MI
One way to get an idea of the demand for housing and storage space in Wixom is to look at housing occupancy and vacancy rates. If housing occupancy rates in Wixom are high, it's probably safe to assume that storage facility occupancy rates in Wixom are also high, which would push unit prices up. The US Census estimates that housing vacancy rates in Wixom are at 13%, while the occupancy rate is at 87%. The average occupancy rate in US cities is approximately 89%, which is lower than the rate in Wixom, suggesting that storage unit inventory might also be tighter in Wixom. With fewer units available, storage facilities in Wixom may charge higher prices.