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Finding Self Storage in Norwich, CT: Everything You Need To Know

Just starting your Norwich self storage search? There are a few things you should know. If you're wondering how much you should expect to pay for self storage in Norwich, consider the fact that storage prices are closely related to factors like the real estate climate, the economic prospects of the city, and population growth. In order to give you a better idea of these factors in Norwich, we pulled in data from the US Census.

Norwich, CT Moving and Storage

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 Norwich, prices could be higher and availability lower. Population changes over time are one way of gauging the amount of moving activity in Norwich. From 2010 to 2014, the Norwich metro area population fell from 40,554 to 40,178, a loss of -0.93% according to the US Census.

Real Estate and Self Storage in Norwich, CT

Vacancy and occupancy rates in the Norwich housing market can help us gauge the demand for living space and thus self-storage space in Norwich, and may hint at storage availability and pricing. Low rates of vacancy in Norwich housing could indicate that real estate is in short supply. Self storage units in Norwich may then also be in short supply, which means Norwich storage unit prices may be higher. According to US Census estimates, 89% of housing units in Norwich are occupied, while the vacancy rate is at 11%. That's a higher rate than average for US cities, suggesting storage unit occupancy in Norwich may also be higher. That might make it harder to find cheap storage in Norwich.