There are a few things you should know about Annapolis self storage before you begin your search. Annapolis storage unit prices and availability are closely related to things like real estate prices, the type of housing available in the area, the city's wealth, and whether or not many people are moving to the area. The US Census keeps accurate data relating to all of these factors, so we've used their data on Annapolis to help inform your Annapolis self storage search.
One of the primary uses of self storage is as a safe place to keep your things between moving homes. If many people are moving to or from Annapolis, prices could be higher and availability lower. Population changes over time are one way of gauging the amount of moving activity in Annapolis. From 2010 to 2014, the Annapolis metro area population grew from 38,341 to 38,856, a growth rate of 1.34% according to the US Census.
Vacancy and occupancy rates in the Annapolis housing market can help us gauge the demand for living space and thus self-storage space in Annapolis, and may hint at storage availability and pricing. If housing occupancy rates in Annapolis are high, it's probably safe to assume that storage facility occupancy rates in Annapolis are also high, which would push unit prices up. Annapolis is estimated to have a 90.4% housing occupancy rate, while the vacancy rate is at 9.6%. The average occupancy rate in US cities is approximately 89%, which is lower than the rate in Annapolis, suggesting that storage unit inventory might also be tighter in Annapolis. With fewer units available, storage facilities in Annapolis may charge higher prices.
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