Just starting your Alpharetta 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 Alpharetta, 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. The US Census keeps accurate data relating to all of these factors, so we've used their data on Alpharetta to help inform your Alpharetta self storage search.
Many people use storage as part of their move, so if there are many people moving to Alpharetta, you might expect storage prices to be higher and unit availability to be lower. We can get a good idea of whether or not many people are moving to or from Alpharetta by looking at the change in population. The Alpharetta metro area grew from 57,827 persons in 2010 to 63,038 persons in 2014 according to the US Census, an increase of 9.01%.
Vacancy and occupancy rates in the Alpharetta housing market can help us gauge the demand for living space and thus self-storage space in Alpharetta, and may hint at storage availability and pricing. High occupancy rates can indicate a lack of housing supply in Alpharetta, which may correlate to a lack of storage unit inventory and thus higher rental rates for self storage in the Alpharetta area. Alpharetta is estimated to have a 94.4% housing occupancy rate, while the vacancy rate is at 5.6%. That's a lower vacancy rate than the average for cities in the United States, and suggests that storage facility vacancy in Alpharetta may also be lower. Low vacancy allows storage facilities to charge higher rent, so a cheap storage unit could be trickier to find in Alpharetta than in other cities.
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