There are a few things you should know about Caldwell self storage before you begin your search. The pricing and availability of storage units in Caldwell will depend on several factors such as the real estate climate, the number of people moving into or throughout the area, housing conditions in the city, and the general wealth and prosperity of the area. We used US Census data on Caldwell to give you a better idea of these factors.
Many people use storage as part of their move, so if there are many people moving to Caldwell, you might expect storage prices to be higher and unit availability to be lower. A city with a high amount of moving activity should see substantial changes in population, so by looking at population data for Caldwell we can get a better idea of the amount of moving activity. From 2010 to 2014, the Caldwell metro area population grew from 46,486 to 50,224, a growth rate of 8.04% according to the US Census.
Vacancy and occupancy rates in the Caldwell housing market can help us gauge the demand for living space and thus self-storage space in Caldwell, and may hint at storage availability and pricing. If there's low vacancy rates in Caldwell housing, there's likely low vacancy at Caldwell storage facilities. This would allow storage facilities in Caldwell to charge higher prices for their units. According to US Census estimates, 91.3% of housing units in Caldwell are occupied, while the vacancy rate is at 8.7%. The average occupancy rate in US cities is approximately 89%, which is lower than the rate in Caldwell, suggesting that storage unit inventory might also be tighter in Caldwell. With fewer units available, storage facilities in Caldwell may charge higher prices.
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