Just starting your Amherst 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 Amherst, 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. In order to give you a better idea of these factors in Amherst, 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 Amherst, 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 Amherst we can get a better idea of the amount of moving activity. From 2010 to 2014, the Amherst metro area population grew from 11,208 to 11,266, a growth rate of 0.52% according to the US Census.
One way to get an idea of the demand for housing and storage space in Amherst is to look at housing occupancy and vacancy rates. High occupancy rates can indicate a lack of housing supply in Amherst, which may correlate to a lack of storage unit inventory and thus higher rental rates for self storage in the Amherst area. 5.1% of housing units in Amherst are vacant according to the US Census, while 94.9% are occupied. That's a lower vacancy rate than the average for cities in the United States, and suggests that storage facility vacancy in Amherst may also be lower. Low vacancy allows storage facilities to charge higher rent, so a cheap storage unit could be trickier to find in Amherst than in other cities.
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