Tips for Finding Self Storage in New Carrollton, MD
Just starting your New Carrollton self storage search? There are a few things you should know. Storage unit prices and availability in New Carrollton 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 New Carrollton to give you a better idea of these factors.Moving and Storage in New Carrollton, MD
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 New Carrollton, that could affect storage unit pricing and availability. A city with a high amount of moving activity should see substantial changes in population, so by looking at population data for New Carrollton we can get a better idea of the amount of moving activity. The New Carrollton metro area grew from 12,167 persons in 2010 to 12,708 persons in 2014 according to the US Census, an increase of 4.45%.The Relationship Between Real Estate and Self Storage in New Carrollton, MD
Housing unit occupancy can give us an idea of what the demand is like for living and storage space in New Carrollton. High occupancy rates can indicate a lack of housing supply in New Carrollton, which may correlate to a lack of storage unit inventory and thus higher rental rates for self storage in the New Carrollton area. The US Census estimates that housing vacancy rates in New Carrollton are at 7.1%, while the occupancy rate is at 92.9%. The average occupancy rate in US cities is approximately 89%, which is lower than the rate in New Carrollton, suggesting that storage unit inventory might also be tighter in New Carrollton. With fewer units available, storage facilities in New Carrollton may charge higher prices.