Finding Self Storage in Andover, MA: Everything You Need To Know

Just starting your Andover 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 Andover, 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 Andover to help inform your Andover self storage search.

If there are many people moving to or from Andover, prices could be higher than in other cities. That's because self storage if often used as part of a home move. We can get a good idea of whether or not many people are moving to or from Andover by looking at the change in population. The US Census tells us that the metro area population of Andover grew from 33,287 in 2010 to 35,085 in 2014, which is a rate of 5.4% growth over four years.

Housing unit occupancy can give us an idea of what the demand is like for living and storage space in Andover. Low rates of vacancy in Andover housing could indicate that real estate is in short supply. Self storage units in Andover may then also be in short supply, which means Andover storage unit prices may be higher. The US Census estimates that housing vacancy rates in Andover are at 5.3%, while the occupancy rate is at 94.7%. The average occupancy rate in US cities is 89%, so it's likely the case that storage facilities in Andover also have higher than average occupancy rates. High occupancy rates in Andover will make it more difficult to find a good deal on a storage unit.

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