There are a few things you should know about Alcoa self storage before you begin your search. Storage unit prices and availability in Alcoa 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 Alcoa, we pulled in data from the US Census.
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 Alcoa, 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 Alcoa we can get a better idea of the amount of moving activity. From 2010 to 2014, the Alcoa metro area population grew from 8,447 to 8,753, a growth rate of 3.62% according to the US Census.
Housing occupancy and vacancy rates in Alcoa can help us get a better idea of how much demand there is for living and storage space in Alcoa and thus the kind of storage prices and availability we should expect to find. High occupancy rates can indicate a lack of housing supply in Alcoa, which may correlate to a lack of storage unit inventory and thus higher rental rates for self storage in the Alcoa area. 11.5% of housing units in Alcoa are vacant according to the US Census, while 88.5% are occupied. That's a lower vacancy rate than the average for cities in the United States, and suggests that storage facility vacancy in Alcoa may also be lower. Low vacancy allows storage facilities to charge higher rent, so a cheap storage unit could be trickier to find in Alcoa than in other cities.
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