Just starting your Blaine 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 Blaine, 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 Blaine.
If there are many people moving to or from Blaine, prices could be higher than in other cities. That's because self storage if often used as part of a home move. We can get a good idea of whether or not many people are moving to or from Blaine by looking at the change in population. From 2010 to 2014, the Blaine metro area population grew from 4,700 to 4,976, a growth rate of 5.87% according to the US Census.
Vacancy and occupancy rates in the Blaine housing market can help us gauge the demand for living space and thus self-storage space in Blaine, and may hint at storage availability and pricing. High occupancy rates can indicate a lack of housing supply in Blaine, which may correlate to a lack of storage unit inventory and thus higher rental rates for self storage in the Blaine area. The US Census estimates that housing vacancy rates in Blaine are at 15%, while the occupancy rate is at 85%. The average occupancy rate in US cities is approximately 89%, which is lower than the rate in Blaine, suggesting that storage unit inventory might also be tighter in Blaine. With fewer units available, storage facilities in Blaine may charge higher prices.
(877) 449-0987(Se habla espanol)
2020 © Self Storage Finders. All Rights Reserved.