There are a few things you should know about Canal Winchester self storage before you begin your search. Storage unit prices and availability in Canal Winchester 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 Canal Winchester.
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 Canal Winchester, prices could be higher and availability lower. By looking at population changes in Canal Winchester, we should be able to get an idea of how many people are moving to or from the city. According to the US Census, the Canal Winchester metro area's population grew from 7,125 in 2010 to 7,704 in 2014, a growth rate of 8.13%.
One way to get an idea of the demand for housing and storage space in Canal Winchester is to look at housing occupancy and vacancy rates. If there's low vacancy rates in Canal Winchester housing, there's likely low vacancy at Canal Winchester storage facilities. This would allow storage facilities in Canal Winchester to charge higher prices for their units. 8.5% of housing units in Canal Winchester are vacant according to the US Census, while 91.5% are occupied. The average occupancy rate in US cities is 89%, so it's likely the case that storage facilities in Canal Winchester also have higher than average occupancy rates. High occupancy rates in Canal Winchester will make it more difficult to find a good deal on a storage unit.
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