Just starting your Blacksburg self storage search? There are a few things you should know. If you're wondering how much you should expect to pay for self storage in Blacksburg, 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. Using US Census data, we've pieced together a better picture of those factors as they relate to self storage in Blacksburg.
Many people use storage as part of their move, so if there are many people moving to Blacksburg, you might expect storage prices to be higher and unit availability to be lower. A city with a high amount of moving activity should see substantial changes in population, so by looking at population data for Blacksburg we can get a better idea of the amount of moving activity. According to the US Census, the Blacksburg metro area's population grew from 1,850 in 2010 to 1,874 in 2014, a growth rate of 1.3%.
Housing occupancy and vacancy rates in Blacksburg can help us get a better idea of how much demand there is for living and storage space in Blacksburg and thus the kind of storage prices and availability we should expect to find. If housing occupancy rates in Blacksburg are high, it's probably safe to assume that storage facility occupancy rates in Blacksburg are also high, which would push unit prices up. The US Census estimates that housing vacancy rates in Blacksburg are at 14.8%, while the occupancy rate is at 85.2%. The average occupancy rate in US cities is approximately 89%, which is lower than the rate in Blacksburg, suggesting that storage unit inventory might also be tighter in Blacksburg. With fewer units available, storage facilities in Blacksburg may charge higher prices.
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