There are a few things you should know about Belmont self storage before you begin your search. Storage unit prices and availability in Belmont are determined by many different factors, including real estate, population growth, the wealth of the local population, the current economic climate, and more. In order to give you a better idea of these factors in Belmont, we pulled in data from the US Census.
If there are many people moving to or from Belmont, prices could be higher than in other cities. That's because self storage if often used as part of a home move. A city with a high amount of moving activity should see substantial changes in population, so by looking at population data for Belmont we can get a better idea of the amount of moving activity. From 2010 to 2014, the Belmont metro area population grew from 25,890 to 27,073, a growth rate of 4.57% according to the US Census.
Housing occupancy and vacancy rates in Belmont can help us get a better idea of how much demand there is for living and storage space in Belmont and thus the kind of storage prices and availability we should expect to find. High occupancy rates can indicate a lack of housing supply in Belmont, which may correlate to a lack of storage unit inventory and thus higher rental rates for self storage in the Belmont area. 4.1% of housing units in Belmont are vacant according to the US Census, while 95.9% are occupied. The average occupancy rate in US cities is 89%, so it's likely the case that storage facilities in Belmont also have higher than average occupancy rates. High occupancy rates in Belmont will make it more difficult to find a good deal on a storage unit.
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