Just starting your Bethalto self storage search? There are a few things you should know. Storage unit prices and availability in Bethalto are determined by many different factors, including real estate, population growth, the wealth of the local population, the current economic climate, and more. We used US Census data on Bethalto to give you a better idea of these factors.
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 Bethalto, prices could be higher and availability lower. Population changes over time are one way of gauging the amount of moving activity in Bethalto. The Bethalto metro area saw its population decline from 9,522 persons in 2010 to 9,382 persons in 2014 according to the US Census, a decrease of -1.47%.
Housing unit occupancy can give us an idea of what the demand is like for living and storage space in Bethalto. High occupancy rates can indicate a lack of housing supply in Bethalto, which may correlate to a lack of storage unit inventory and thus higher rental rates for self storage in the Bethalto area. 7.1% of housing units in Bethalto are vacant according to the US Census, while 92.9% are occupied. The average occupancy rate in US cities is 89%, so it's likely the case that storage facilities in Bethalto also have higher than average occupancy rates. High occupancy rates in Bethalto will make it more difficult to find a good deal on a storage unit.
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