Finding Self Storage in Bonney Lake, WA: Everything You Need To Know
There are a few things you should know about Bonney Lake self storage before you begin your search. Storage unit prices and availability in Bonney Lake are determined by many different factors, including real estate, population growth, the wealth of the local population, the current economic climate, and more. Using US Census data, we've pieced together a better picture of those factors as they relate to self storage in Bonney Lake.Bonney Lake, WA Self Storage and Moving
If there are many people moving to or from Bonney Lake, prices could be higher than in other cities. That's because self storage if often used as part of a home move. Population changes over time are one way of gauging the amount of moving activity in Bonney Lake. From 2010 to 2014, the Bonney Lake metro area population grew from 17,396 to 18,809, a growth rate of 8.12% according to the US Census.Real Estate and Self Storage in Bonney Lake, WA
One way to get an idea of the demand for housing and storage space in Bonney Lake is to look at housing occupancy and vacancy rates. High occupancy rates can indicate a lack of housing supply in Bonney Lake, which may correlate to a lack of storage unit inventory and thus higher rental rates for self storage in the Bonney Lake area. According to US Census estimates, 93.7% of housing units in Bonney Lake are occupied, while the vacancy rate is at 6.3%. That's a higher rate than average for US cities, suggesting storage unit occupancy in Bonney Lake may also be higher. That might make it harder to find cheap storage in Bonney Lake.