Just starting your Burlington self storage search? There are a few things you should know. Burlington storage unit prices and availability are closely related to things like real estate prices, the type of housing available in the area, the city's wealth, and whether or not many people are moving to the area. Using US Census data, we've pieced together a better picture of those factors as they relate to self storage in Burlington.
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 Burlington, prices could be higher and availability lower. A city with a high amount of moving activity should see substantial changes in population, so by looking at population data for Burlington we can get a better idea of the amount of moving activity. US Census data tells us that the Burlington metro area's population shrank from 603 in 2010 to 598 in 2014, a decline of -0.83%.
One way to get an idea of the demand for housing and storage space in Burlington is to look at housing occupancy and vacancy rates. If housing occupancy rates in Burlington are high, it's probably safe to assume that storage facility occupancy rates in Burlington are also high, which would push unit prices up. According to US Census estimates, 90.2% of housing units in Burlington are occupied, while the vacancy rate is at 9.8%. The average occupancy rate in US cities is approximately 89%, which is lower than the rate in Burlington, suggesting that storage unit inventory might also be tighter in Burlington. With fewer units available, storage facilities in Burlington may charge higher prices.
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