Everything You Need to Know About Finding Self Storage in Portsmouth, NH
Before beginning your self storage search in Portsmouth, there are a few things you should know. Portsmouth 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 Portsmouth to help inform your Portsmouth self storage search.Portsmouth, NH Self Storage and Moving
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 Portsmouth, that could affect storage unit pricing and availability. Population changes over time are one way of gauging the amount of moving activity in Portsmouth. From 2010 to 2014, the Portsmouth metro area population grew from 21,220 to 21,598, a growth rate of 1.78% according to the US Census.The Relationship Between Real Estate and Self Storage in Portsmouth, NH
One way to get an idea of the demand for housing and storage space in Portsmouth is to look at housing occupancy and vacancy rates. High occupancy rates can indicate a lack of housing supply in Portsmouth, which may correlate to a lack of storage unit inventory and thus higher rental rates for self storage in the Portsmouth area. The US Census estimates that housing vacancy rates in Portsmouth are at 5.8%, while the occupancy rate is at 94.2%. The average occupancy rate in US cities is approximately 89%, which is lower than the rate in Portsmouth, suggesting that storage unit inventory might also be tighter in Portsmouth. With fewer units available, storage facilities in Portsmouth may charge higher prices.