Finding Self Storage in Painesville, OH: Top Tips
Just starting your Painesville self storage search? There are a few things you should know. Storage unit prices and availability in Painesville are determined by many different factors, including real estate, population growth, the wealth of the local population, the current economic climate, and more. In order to give you a better idea of these factors in Painesville, we pulled in data from the US Census.Self Storage and Moving in Painesville, OH
If there are many people moving to or from Painesville, prices could be higher than in other cities. That's because self storage if often used as part of a home move. We can get a good idea of whether or not many people are moving to or from Painesville by looking at the change in population. According to the US Census, the Painesville metro area's population grew from 19,555 in 2010 to 19,840 in 2014, a growth rate of 1.46%.The Relationship Between Real Estate and Self Storage in Painesville, OH
Housing unit occupancy can give us an idea of what the demand is like for living and storage space in Painesville. If housing occupancy rates in Painesville are high, it's probably safe to assume that storage facility occupancy rates in Painesville are also high, which would push unit prices up. 9.8% of housing units in Painesville are vacant according to the US Census, while 90.2% are occupied. The average occupancy rate in US cities is approximately 89%, which is lower than the rate in Painesville, suggesting that storage unit inventory might also be tighter in Painesville. With fewer units available, storage facilities in Painesville may charge higher prices.