Just starting your Bellflower self storage search? There are a few things you should know. Storage unit prices and availability in Bellflower are determined by many different factors, including real estate, population growth, the wealth of the local population, the current economic climate, and more. Using US Census data, we've pieced together a better picture of those factors as they relate to self storage in Bellflower.
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 Bellflower, prices could be higher and availability lower. We can get a good idea of whether or not many people are moving to or from Bellflower by looking at the change in population. The Bellflower metro area grew from 76,661 persons in 2010 to 78,236 persons in 2014 according to the US Census, an increase of 2.05%.
Housing unit occupancy can give us an idea of what the demand is like for living and storage space in Bellflower. Low rates of vacancy in Bellflower housing could indicate that real estate is in short supply. Self storage units in Bellflower may then also be in short supply, which means Bellflower storage unit prices may be higher. The US Census estimates that housing vacancy rates in Bellflower are at 5%, while the occupancy rate is at 95%. The average occupancy rate in US cities is approximately 89%, which is lower than the rate in Bellflower, suggesting that storage unit inventory might also be tighter in Bellflower. With fewer units available, storage facilities in Bellflower may charge higher prices.
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