Just starting your Aurora self storage search? There are a few things you should know. The pricing and availability of storage units in Aurora 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. We used US Census data on Aurora to give you a better idea of these factors.
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 Aurora, that could affect storage unit pricing and availability. By looking at population changes in Aurora, we should be able to get an idea of how many people are moving to or from the city. According to the US Census, the Aurora metro area's population grew from 198,161 in 2010 to 200,456 in 2014, a growth rate of 1.16%.
One way to get an idea of the demand for housing and storage space in Aurora is to look at housing occupancy and vacancy rates. If there's low vacancy rates in Aurora housing, there's likely low vacancy at Aurora storage facilities. This would allow storage facilities in Aurora to charge higher prices for their units. The US Census estimates that housing vacancy rates in Aurora are at 7%, while the occupancy rate is at 93%. That's a lower vacancy rate than the average for cities in the United States, and suggests that storage facility vacancy in Aurora may also be lower. Low vacancy allows storage facilities to charge higher rent, so a cheap storage unit could be trickier to find in Aurora than in other cities.
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