If you're searching for self storage in Bellingham, there are a few things you should keep in mind. If you're wondering how much you should expect to pay for self storage in Bellingham, 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. In order to give you a better idea of these factors in Bellingham, we pulled in data from the US Census.
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 Bellingham, that could affect storage unit pricing and availability. By looking at population changes in Bellingham, we should be able to get an idea of how many people are moving to or from the city. From 2010 to 2014, the Bellingham metro area population grew from 80,964 to 83,365, a growth rate of 2.97% according to the US Census.
Housing occupancy and vacancy rates in Bellingham can help us get a better idea of how much demand there is for living and storage space in Bellingham and thus the kind of storage prices and availability we should expect to find. If housing occupancy rates in Bellingham are high, it's probably safe to assume that storage facility occupancy rates in Bellingham are also high, which would push unit prices up. According to US Census estimates, 94.3% of housing units in Bellingham are occupied, while the vacancy rate is at 5.7%. The average occupancy rate in US cities is 89%, so it's likely the case that storage facilities in Bellingham also have higher than average occupancy rates. High occupancy rates in Bellingham will make it more difficult to find a good deal on a storage unit.
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