Finding Self Storage in Burlington, WA: Everything You Need To Know
There are a few things you should know about Burlington self storage before you begin your search. If you're wondering how much you should expect to pay for self storage in Burlington, 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. We used US Census data on Burlington to give you a better idea of these factors.Self Storage and Moving in Burlington, WA
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. Population changes over time are one way of gauging the amount of moving activity in Burlington. According to the US Census, the Burlington metro area's population grew from 8,401 in 2010 to 8,568 in 2014, a growth rate of 1.99%.The Real Estate Climate and Self Storage in Burlington, WA
Vacancy and occupancy rates in the Burlington housing market can help us gauge the demand for living space and thus self-storage space in Burlington, and may hint at storage availability and pricing. If there's low vacancy rates in Burlington housing, there's likely low vacancy at Burlington storage facilities. This would allow storage facilities in Burlington to charge higher prices for their units. The US Census estimates that housing vacancy rates in Burlington are at 7.4%, while the occupancy rate is at 92.6%. 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.