Before beginning your self storage search in Bentonville, there are a few things you should know. Bentonville storage unit prices and availability are closely related to things like real estate prices, the type of housing available in the area, the city's wealth, and whether or not many people are moving to the area. The US Census keeps accurate data relating to all of these factors, so we've used their data on Bentonville to help inform your Bentonville self storage search.
If there are many people moving to or from Bentonville, 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 Bentonville we can get a better idea of the amount of moving activity. According to the US Census, the Bentonville metro area's population grew from 35,862 in 2010 to 41,613 in 2014, a growth rate of 16.04%.
One way to get an idea of the demand for housing and storage space in Bentonville is to look at housing occupancy and vacancy rates. High occupancy rates can indicate a lack of housing supply in Bentonville, which may correlate to a lack of storage unit inventory and thus higher rental rates for self storage in the Bentonville area. Bentonville is estimated to have a 90.2% housing occupancy rate, while the vacancy rate is at 9.8%. That's a lower vacancy rate than the average for cities in the United States, and suggests that storage facility vacancy in Bentonville may also be lower. Low vacancy allows storage facilities to charge higher rent, so a cheap storage unit could be trickier to find in Bentonville than in other cities.
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