Just starting your Bondurant self storage search? There are a few things you should know. Storage unit prices and availability in Bondurant 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 Bondurant, we pulled in data from the US Census.
If there are many people moving to or from Bondurant, prices could be higher than in other cities. That's because self storage if often used as part of a home move. By looking at population changes in Bondurant, we should be able to get an idea of how many people are moving to or from the city. From 2010 to 2014, the Bondurant metro area population grew from 3,913 to 4,806, a growth rate of 22.82% according to the US Census.
Housing unit occupancy can give us an idea of what the demand is like for living and storage space in Bondurant. High occupancy rates can indicate a lack of housing supply in Bondurant, which may correlate to a lack of storage unit inventory and thus higher rental rates for self storage in the Bondurant area. 4.2% of housing units in Bondurant are vacant according to the US Census, while 95.8% are occupied. The average occupancy rate in US cities is approximately 89%, which is lower than the rate in Bondurant, suggesting that storage unit inventory might also be tighter in Bondurant. With fewer units available, storage facilities in Bondurant may charge higher prices.
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