If you're searching for self storage in Altoona, there are a few things you should keep in mind. Storage unit prices and availability in Altoona are determined by many different factors, including real estate, population growth, the wealth of the local population, the current economic climate, and more. We used US Census data on Altoona to give you a better idea of these factors.
Many people use storage as part of their move, so if there are many people moving to Altoona, you might expect storage prices to be higher and unit availability to be lower. By looking at population changes in Altoona, we should be able to get an idea of how many people are moving to or from the city. The US Census tells us that the metro area population of Altoona grew from 14,615 in 2010 to 16,105 in 2014, which is a rate of 10.2% growth over four years.
Vacancy and occupancy rates in the Altoona housing market can help us gauge the demand for living space and thus self-storage space in Altoona, and may hint at storage availability and pricing. High occupancy rates can indicate a lack of housing supply in Altoona, which may correlate to a lack of storage unit inventory and thus higher rental rates for self storage in the Altoona area. Altoona is estimated to have a 95.7% housing occupancy rate, while the vacancy rate is at 4.3%. The average occupancy rate in US cities is 89%, so it's likely the case that storage facilities in Altoona also have higher than average occupancy rates. High occupancy rates in Altoona will make it more difficult to find a good deal on a storage unit.
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