Finding Self Storage in College Park, MD: Everything You Need To Know
Just starting your College Park self storage search? There are a few things you should know. If you're wondering how much you should expect to pay for self storage in College Park, 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. We used US Census data on College Park to give you a better idea of these factors.Moving and Storage in College Park, MD
If there are many people moving to or from College Park, prices could be higher than in other cities. That's because self storage if often used as part of a home move. Population changes over time are one way of gauging the amount of moving activity in College Park. The College Park metro area grew from 30,468 persons in 2010 to 32,256 persons in 2014 according to the US Census, an increase of 5.87%.The Real Estate Climate and Self Storage in College Park, MD
Vacancy and occupancy rates in the College Park housing market can help us gauge the demand for living space and thus self-storage space in College Park, and may hint at storage availability and pricing. If housing occupancy rates in College Park are high, it's probably safe to assume that storage facility occupancy rates in College Park are also high, which would push unit prices up. 17.7% of housing units in College Park are vacant according to the US Census, while 82.3% are occupied. That's a lower vacancy rate than the average for cities in the United States, and suggests that storage facility vacancy in College Park may also be lower. Low vacancy allows storage facilities to charge higher rent, so a cheap storage unit could be trickier to find in College Park than in other cities.