Finding Self Storage in Newton, MA: Top Tips
Before beginning your self storage search in Newton, there are a few things you should know. Newton storage unit prices and availability are closely related to things like real estate prices, the type of housing available in the area, the city's wealth, and whether or not many people are moving to the area. The US Census keeps accurate data relating to all of these factors, so we've used their data on Newton to help inform your Newton self storage search.Self Storage and Moving in Newton, MA
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 Newton, prices could be higher and availability lower. Population changes over time are one way of gauging the amount of moving activity in Newton. From 2010 to 2014, the Newton metro area population grew from 85,403 to 88,287, a growth rate of 3.38% according to the US Census.Real Estate and Self Storage in Newton, MA
Vacancy and occupancy rates in the Newton housing market can help us gauge the demand for living space and thus self-storage space in Newton, and may hint at storage availability and pricing. If housing occupancy rates in Newton are high, it's probably safe to assume that storage facility occupancy rates in Newton are also high, which would push unit prices up. The US Census estimates that housing vacancy rates in Newton are at 4.5%, while the occupancy rate is at 95.5%. The average occupancy rate in US cities is approximately 89%, which is lower than the rate in Newton, suggesting that storage unit inventory might also be tighter in Newton. With fewer units available, storage facilities in Newton may charge higher prices.