If you're searching for self storage in Castle Rock, there are a few things you should keep in mind. If you're wondering how much you should expect to pay for self storage in Castle Rock, 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. In order to give you a better idea of these factors in Castle Rock, we pulled in data from the US Census.
If there are many people moving to or from Castle Rock, prices could be higher than in other cities. That's because self storage if often used as part of a home move. By looking at population changes in Castle Rock, we should be able to get an idea of how many people are moving to or from the city. From 2010 to 2014, the Castle Rock metro area population grew from 48,584 to 55,747, a growth rate of 14.74% according to the US Census.
Vacancy and occupancy rates in the Castle Rock housing market can help us gauge the demand for living space and thus self-storage space in Castle Rock, and may hint at storage availability and pricing. High occupancy rates can indicate a lack of housing supply in Castle Rock, which may correlate to a lack of storage unit inventory and thus higher rental rates for self storage in the Castle Rock area. According to US Census estimates, 94.7% of housing units in Castle Rock are occupied, while the vacancy rate is at 5.3%. That's a lower vacancy rate than the average for cities in the United States, and suggests that storage facility vacancy in Castle Rock may also be lower. Low vacancy allows storage facilities to charge higher rent, so a cheap storage unit could be trickier to find in Castle Rock than in other cities.
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