Just starting your Burnsville self storage search? There are a few things you should know. Storage unit prices and availability in Burnsville 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 Burnsville.
Self storage is commonly used as a secure place to store one's belongings when moving into a new home. If there's a high amount of moving activity in Burnsville, that could affect storage unit pricing and availability. A city with a high amount of moving activity should see substantial changes in population, so by looking at population data for Burnsville we can get a better idea of the amount of moving activity. From 2010 to 2014, the Burnsville metro area population grew from 60,408 to 61,630, a growth rate of 2.02% according to the US Census.
Vacancy and occupancy rates in the Burnsville housing market can help us gauge the demand for living space and thus self-storage space in Burnsville, and may hint at storage availability and pricing. High occupancy rates can indicate a lack of housing supply in Burnsville, which may correlate to a lack of storage unit inventory and thus higher rental rates for self storage in the Burnsville area. 5.7% of housing units in Burnsville are vacant according to the US Census, while 94.3% are occupied. That's a higher rate than average for US cities, suggesting storage unit occupancy in Burnsville may also be higher. That might make it harder to find cheap storage in Burnsville.
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