Just starting your Alto self storage search? There are a few things you should know. The pricing and availability of storage units in Alto will depend on several factors such as the real estate climate, the number of people moving into or throughout the area, housing conditions in the city, and the general wealth and prosperity of the area. The US Census keeps accurate data relating to all of these factors, so we've used their data on Alto to help inform your Alto self storage search.
If there are many people moving to or from Alto, prices could be higher than in other cities. That's because self storage if often used as part of a home move. A city with a high amount of moving activity should see substantial changes in population, so by looking at population data for Alto we can get a better idea of the amount of moving activity. The Alto metro area saw its population decline from 1,172 persons in 2010 to 1,164 persons in 2014 according to the US Census, a decrease of -0.68%.
One way to get an idea of the demand for housing and storage space in Alto is to look at housing occupancy and vacancy rates. If housing occupancy rates in Alto are high, it's probably safe to assume that storage facility occupancy rates in Alto are also high, which would push unit prices up. The US Census estimates that housing vacancy rates in Alto are at 12.4%, while the occupancy rate is at 87.6%. That's a lower vacancy rate than the average for cities in the United States, and suggests that storage facility vacancy in Alto may also be lower. Low vacancy allows storage facilities to charge higher rent, so a cheap storage unit could be trickier to find in Alto than in other cities.
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