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Finding Self Storage in Challis, ID: Everything You Need To Know

If you're searching for self storage in Challis, there are a few things you should keep in mind. Storage unit prices and availability in Challis are determined by many different factors, including real estate, population growth, the wealth of the local population, the current economic climate, and more. In order to give you a better idea of these factors in Challis, we pulled in data from the US Census.

Self Storage and Moving in Challis, ID

Many people use storage as part of their move, so if there are many people moving to Challis, you might expect storage prices to be higher and unit availability to be lower. By looking at population changes in Challis, we should be able to get an idea of how many people are moving to or from the city. US Census data tells us that the Challis metro area's population shrank from 1,102 in 2010 to 1,056 in 2014, a decline of -4.17%.

Real Estate and Self Storage in Challis, ID

Housing occupancy and vacancy rates in Challis can help us get a better idea of how much demand there is for living and storage space in Challis and thus the kind of storage prices and availability we should expect to find. High occupancy rates can indicate a lack of housing supply in Challis, which may correlate to a lack of storage unit inventory and thus higher rental rates for self storage in the Challis area. 16.1% of housing units in Challis are vacant according to the US Census, while 83.9% are occupied. The average occupancy rate in US cities is 89%, so it's likely the case that storage facilities in Challis also have higher than average occupancy rates. High occupancy rates in Challis will make it more difficult to find a good deal on a storage unit.

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