Before beginning your self storage search in Ballwin, there are a few things you should know. The pricing and availability of storage units in Ballwin 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. Using US Census data, we've pieced together a better picture of those factors as they relate to self storage in Ballwin.
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 Ballwin, prices could be higher and availability lower. Population changes over time are one way of gauging the amount of moving activity in Ballwin. According to the US Census, the Ballwin metro area's population grew from 30,420 in 2010 to 30,505 in 2014, a growth rate of 0.28%.
Housing unit occupancy can give us an idea of what the demand is like for living and storage space in Ballwin. If housing occupancy rates in Ballwin are high, it's probably safe to assume that storage facility occupancy rates in Ballwin are also high, which would push unit prices up. The US Census estimates that housing vacancy rates in Ballwin are at 4.5%, while the occupancy rate is at 95.5%. The average occupancy rate in US cities is approximately 89%, which is lower than the rate in Ballwin, suggesting that storage unit inventory might also be tighter in Ballwin. With fewer units available, storage facilities in Ballwin may charge higher prices.
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